Below is the comparative balance sheet for Pearl Corporation Dec 31, 2020 $16.500 Cash Short-term investments 24700 Accounts receivable Allowance for doubtful accounts 43,300 (1700) 4,200 Prepaid expenses Inventory Dec 31, 2019 $21,000 19.100 45,300 (2.000) 2,600 64.900 50.300 73.700 (23.000) 45,700 (15,600) 39,300 (20.500) Land Buildings 81,600 50,300 125,700 (30,300) 53,300 (18.800) 39.300 (22,200) 14.900 $380.800 Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Delivery equipment Accumulated depreciation-delivery equipment Patents -0- $300,800 $25,700 Accounts payable Short-term notes payable (trade) 4.100 Accrued payables $16,200 5.900 4.700 53.000 62,500 3.000 73,300 49,500 Mortgage payable Bonds payable Common stock 101,600 Paid-in capital in excess of per Retained earnings 10,000 75.900 $380.800 4.100 52,800 $300,800 Dividends in the amount of $15,000 were declared and paid in 2020. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short-term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities. (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.) PEARL CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASHFLOWS For the Year Ended December 21, 20:20 2020 Reconciling items Balance at 123119 Balance at 12/31/20 Debits Cash $21.000 $ $16.500 Short-term investments 19.100 24700 Accounts receivable 45.300 43.300 Prepaid expenses 2.500 4200 Inventory 01.600 Land 50,300 54900 50.300 72.700 45,700 Buildings 125,700 Equipment 53.00 39.900 Equipment (Delivery 39.300 Patents 14,900 Total debits $261.900 $452.900 Credits Accounts payable $16.200 $ $25.700 Notes payable 5.900 4700 Accrued abilities Allowance for doubtful accounts 2.000 4100 3,000 1.700 30.200 18,900 Accumulated Depreciation Building Accumulated Depreciation Equipment Accumulated Depreciation-Delivery Equipment 22.000 15.600 20.500 52.000 62.500 22.200 Mortgage payable 72.300 Bonds pava 49.500 Common stock 101.600 199.900 Paid-in capital in excess 4100 10.000 Retained earnings 52.900 75.900 Total credits $351.900 $452.000 Pearl Corporation Statement of Cash Flows Effects Increase in Inventory Increase in pred en Increase in Acored Payable Decrease in Accruedas Cash Flows from investing Activities