Cougar Tree Services reports the following amounts on December $31,2024.$

Assets Liabilities and Stockholders$$ Equity

Cash $$8,700$ Accounts payable $$12,700$

Supplies $2,800$ Salaries payable $4,500$

Prepaid insurance $4,500$ Notes payable $30,000$

Building $82,000$ Common stock $40,000$

Retained earnings $10,800$

In addition, the company reported the following cash flows.

Cash Inflows Cash Outflows

Customers $$80,000$ Employee salaries $$32,000$

Borrow from the bank $($note$)30,000$ Supplies $14,000$

Sale of investments $25,000$ Dividends $11,500$

Purchase building $82,000$

Required:

Prepare a balance sheet.

Prepare a statement of cash flows.