Bubbles Company Balance Sheet December 31, 2020 2019 2020 Assets Cash $ 813 S 92 Accounts Receivable 165 150 Inventory 235 240 ST Investments 300 400 Equipment Accumulated depreciation (280) Total S_2.063 $ 1.100 Liabilities and Shareholders' Equity 830 500 (282) 229 $ 190 Accounts payable $ Bonds payable 300 Common shares 1,000 Retained earnings 534 Total S_2.063 100 450 360 S_1.100 Bubbles Company Income Statement For the year ended December 31, 2020 520 Sales $1,500 Cost of goods sold 980 Gross profit Depreciation expense S (48) Other expenses (233) Gain on sale of equipment 20 _(261) Net Income $ 259 Equipment costing $530 was bought by paying cash. ST Investments were sold for book value. Bonds amounting to $500 were issued for cash. Common shares were issued for cash during the year. REQUIRED Prepare a cash flow statement for the year ended December 31, 2020