Exercise #1. During the current year, SIA Noname purchased new equipment for 20,000 EUR and no equipment sales were made. No dividends were paid and reserves increased. December 31 110,000 80,000 10,000 85,000 10,000 SIA Noname, Comparative Balance Sheets, EUR January 1 Assets: Fixed Assets, Net 120,000 Accounts Receivable 80,000 Other Receivables 10,000 Inventory 80,000 Cash 5,000 Total Assets 295,000 Liabilities and Shareholders' Equity: Common Stock 2,000 Retained Earnings 60,000 Bank Loans Payable 100,000 Accounts Payable 120,000 Other Payables 13,000 Total Liabilities and SE 295,000 295,000 2,000 60,000 90,000 130,000 13,000 295,000 Prepare a statement of cash flows for SIA Noname for the year