Bear Tree Services reports the following amounts on December 31, 2024. Assets Cash Supplies Prepaid insurance Building Liabilities and Stockholders' Equity $9,200 Accounts payable
Bear Tree Services reports the following amounts on December 31, 2024. Assets Cash Supplies Prepaid insurance Building Liabilities and Stockholders' Equity $9,200 Accounts payable $14,200 3,300 Salaries payable 5,000 5,000 Notes payable 35,000 87,000 Common stock 40,000 Retained earnings 10,300 In addition, the company reported the following cash flows. Cash Inflows Cash Outflows Customers $90,000 Employee salaries $37,000 Borrow from the bank (note) 35,000 Supplies 19,000 Sale of investments 32,500 Dividends 14,000. Purchase building 92,000 Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Balance Sheet Statement of Cash Flows Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) BEAR TREE SERVICES Statement of Cash Flows
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