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Eagle Tree Services reports the following amounts on December 31, 2024. Cash Supplies Prepaid insurance Building Assets $8,200 Liabilities and Stockholders' Equity Accounts payable
Eagle Tree Services reports the following amounts on December 31, 2024. Cash Supplies Prepaid insurance Building Assets $8,200 Liabilities and Stockholders' Equity Accounts payable $11,200 2,300 Salaries payable 4,000 4,000 Notes payable 25,000 77,000 Common stock 40,000 11,300 Retained earnings In addition, the company reported the following cash flows. Cash Inflows Cash Outflows Customers $70,000 Employee salaries $27,000 Borrow from the bank (note) 25,000 Supplies 9,000 Sale of investments 17,500 Dividends 9,000 Purchase building 72,000 Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Balance Sheet Statement of Cash Flows Prepare a balance sheet. Assets EAGLE TREE SERVICES Balance Sheet December 31, 2024 Total Assets $ 0 Liabilities Total Liabilities 0 Stockholders' Equity Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity $ 0
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