Exercise 1-12 (Algo) Link the balance sheet to the statement of cash flows (LO1-3) Cougar Tree Services reports the following amounts on December 31, 2024. Cash Supplies Prepaid insurance Building Assets Cash Inflows Customers Borrow from the bank (note) Sale of investments $9,300 3,400 5,100 88,000 Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. In addition, the company reported the following cash flows. Liabilities and Stockholders' Equity Accounts payable Salaries payable Notes payable Common stock Retained earnings Cash Outflows $92,000 Employee salaries. 36,000 Supplies 34,000 Dividends Purchase building $38,000 20,000 14,500 94,000 $14,500 5,100 36,000 40,000 10,200

Exercise 1-12 (Algo) Link the balance sheet to the statement of cash flows (LO1-3) Cougar Tree Services reports the following amounts on December 31, 2024. In addition, the company reported the following cash flows. Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows