Cash Flow Problem - Idaho Company Balance Sheets 2020 2021 2021 2020 Assets Liabilities Cash Accounts Receivable Merchandise Inventory Supplies Inventory Interest Receivable Prepaid Expenses Total Current Assets 30 85 145 120 15 10 405 172 138 260 130 45 45 790 Accounts Payable Salaries Payable Rent Payable Interest Payable Short-Term Loans Payable Unearned Revenues Total Current Liabilities 45 TO 40 55 40 10 200 20 26 45 81 10 1 183 Long-Term Loans Payable Bonds Payable Total Long-Term Liabilities 100 530 630 130 755 885 Loans Receivable -0- 120 Automobiles 200 180 Trucks 105 135 Equipment 225 245 Buildings 500 500 Accumulated Depreciation Land 100 40 830 1068 Total Liabilities Common Stock Retained Earnings 300 5 425 97 Total Owners' Equity (O.E.) 305 522 Total Long-Term Assets 730 800 1135 Total Liabilities and O. E. 1590 Total Assets 1135 1590 Income Statement Year ended 31 December 2021 Sales Revenue Less Expenses 500 244> Other (net) 35 Equals Before-Tax Income 291 Land 100 40 830 1068 Total Liabilities Common Stock Retained Earnings 300 5 425 97 Total Owners' Equity (O.E.) 305 522 Total Long-Term Assets 730 800 1135 Total Liabilities and O. E. 1590 Total Assets 1135 1590 Income Statement Year ended 31 December 2021 Sales Revenue Less Expenses 500 244> Other (net) 35 Equals Before-Tax Income 291