Comparative Balance Sheet
December 31, 2021 and 2020
	2021	2020	Increase/(Decrease)
Assets
Cash	190,000	30,000	?
Accounts Receivable	220,000	230,000	?
Supplies	340,000	310,000	?
Prepaid expenses	10,000	30,000	?
Intangible assets	90,000	90,000	?
Equipment, net	900,000	790,000	?
Total Assets	1,750,000	1,480,000
Liabilities
Accounts payable	140,000	90,000	?
Accrued liabilities	160,000	190,000	?
Income tax payable	140,000	120,000	?
Long-term notes payable	450,000	500,000	?
Stockholders' Equity
Common Stock	310,000	200,000	?
Retained earnings	640,000	400,000	?
Treasury stock	(90,000)	(20,000)	?
Total liabilities and stockholders' equity	1,750,000	1,480,000

Auga Company Ltd
Income Statement
Year Ended December 31,2021
Revenues and gains:
Sales revenue	1,900,000
Gain on sale of Equipment	60,000
Total revenues and gains		1,960,000
Expenses
Cost of goods sold	850,000
Depreciation expense	190,000
Other operating expense	360,000
Total expenses		1,400,000
Income before income taxes		560,000
Income tax expense		180,000
Net Income		380,000

Notes
Acquisition of Equipment during 2021		450,000
Sale proceeds from sale of Equipment		210,000
Receipt for issuance of notes payable		50,000
Payment for note payable		100,000
Dividend paid		140,000
Book value of equipment sold		150,000

1. Reconstruct the companys comparative balance sheet for 2020/2021 and compute and show the missing figures to include the appropriate sign as a positive or negative figure.

2. Prepare a complete statement of cash flows for 2021 using the indirect method using the information.