Con- Below is the comparative balance sheet for Metlock Corporation. Dec. 31, 2020 Dec 31, 2019 Cash $16,500 $21,000 Short-term investments 24,700 19,100 -upport Accounts receivable 43,300 45,300 Allowance for doubtful accounts (1,700) (2,000) Prepaid expenses 4,208 2,600 Inventory 81,600 64,900 Land 50,300 50,300 Buildings 125,700 73,700 Accumulated depreciation-buildings (30,300) (23,000) Equipment 53,300 45,700 Accumulated depreciation-equipment (18,800) (15,600 ) Delivery equipment 39,300 39,300 Accumulated depreciation-delivery equipment (22,200) (20,500) Patents -O- 14,900 $380,800 $300,800 Accounts payable $25,700 $16,200 Short-term notes payable (trade) 4,100 5,900 Accrued payables 3,000 4,700 Mortgage payable 73,300 53,000 Bonds payable 49,500 62,500 Common stock 139,300 101,600 Paid-in capital in excess of par 10,000 4,100 Retained earnings 75,900 52,800 $380,800 $300,800 Dividends in the amount of $15,000 were declared and paid in 2020. e 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.) METLOCK CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2020 2020 Reconciling Items Balance Bala for the Year Ended December 31, 2020 2020 Reconciling Items Balance Balance at Debits 12/31/19 Debit Credit 12/31/20 $21,000 $ $16,500 t-term investments 19,100 24,700 punts receivable 45,300 43,300 said expenses 4,200 2,600 ntory 64,900 81,600 50,300 50,300 125,700 73,700 dings 53,300 45,700 pment 39,300 pment (Delivery) 39,300 14,900 ints $453,800 tal debits $361.900 Credits Credits Junts payable $16,200 $ $25,700 25 payable 5.900 4,100 ued liabilities 4,700 3,000 wance for doubtful accounts 2,000 1,700 imulated Depreciation-Building 23,000 30,300 imulated Depreciation-Equipment 15,600 18,800 umulated Depreciation-Delivery Equipment 20,500 22,200 tgage payable 53,000 73,300 ds payable 49,500 62,500 101,600 mon stock 139,300 - in capital in excess 4,100 10,000 vined earnings 52,800 75,900 tal credits $361,900 $453,800 Metlock Corporation Statement of Cash Flows Effects