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Bear Tree Services reports the following amounts on December 31, 2024. Assets Cash Supplies Prepaid insurance Building Required: $ 8,600 2,700 4,400 81,000 In addition,
Bear Tree Services reports the following amounts on December 31, 2024. Assets Cash Supplies Prepaid insurance Building Required: $ 8,600 2,700 4,400 81,000 In addition, the company reported the following cash flows. Cash Inflows Customers Borrow from the bank (note) Sale of investments $ 78,000 29,000 11,800 Liabilities and Stockholders' Equity Accounts payable Salaries payable 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. Notes payable Common stock Retained earnings Cash Outflows Employee salaries Supplies Dividends Purchase building $ 31,000 11, 200 11,000 69,200 $ 12,400 4,400 29,000 40,000 10,900
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