Carla Vista Enterprises Balance Sheet and Income Statement Data December 31, 2020 December 31, 2019 Current Assets: Cash $146,880 $114,240 Accounts Receivable 228,480 293,760 Inventory 375,360 326,400 Total Current Assets 750,720 734,400 Property, Plant, and Equipment Less: Accumulated Depreciation 1.191,360 (456,960) 734.400 $1.485.120 1,077,120 (424,320) 652,800 $1,387,200 Total Assets Current Liabilities: Accounts Payable Notes Payable Income Taxes Payable Total Curont Liabilities $179.520 48.960 81,600 310.080 $97.920 65.280 73,440 236,640 Bonds Payable Total Liabilities 326.400 636.480 375.360 612.000 448.800 Stockholders' Equity: Common Stock Retained Earnings Total Stockholders' Equity 489.600 359.040 848.640 326,400 775,200 Total Stockholders' Equity Total Liabilities & Stockholders' Equity 848,640 1,485,120 775,200 1,387,200 Sales Revenue Less Cost of Goods Sold Gross Profit $1,550,400 720,960 829,440 $1,452,480 701,760 750,720 Expenses: Depreciation Expense Salaries and Wages Expense Interest Expense Loss on Sale of Equipment 130,560 342,720 32,640 0 146,880 375,360 32.640 11,520 566,400 263.040 105,216 157.824 Income Before Taxes Less Income Tax Expense Net Income 505,920 244,800 97,920 146,880 Additional Information: During thQyear, Carla Vista sold equipment with an original cost of $146,880 and accumulated depreciation of $114,240 and purchased new equipment for $261,120. Prepare a statement of cash flows for the year ending December 31, 2020. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis e.g. (15,000).) Carla Vista Enterprises Statement of Cash Flows 4