Fiona's Flower Company Income Statement For the Year Ended December 31, 2020 Additional Information: - Investments are Long-Term Assets - Sold investments for $48,000 (with a carrying value of $104,000 ) - Purchased investments for $100,000 - Sold Equipment with a carrying value (i.e., net book value) of $100,000 - Purchased equipment for $500,000 - Depreciation on equipment for 2020 was $68,000 - Depreciation on building for 2020 was $32,000 - Note Payables are Long-Term Liabilities - Issued Common Stock at par value - Issued notes for $172,000 Fiona's Flower Company Income Statement For the Year Ended December 31, 2020 Additional Information: - Investments are Long-Term Assets - Sold investments for $48,000 (with a carrying value of $104,000 ) - Purchased investments for $100,000 - Sold Equipment with a carrying value (i.e., net book value) of $100,000 - Purchased equipment for $500,000 - Depreciation on equipment for 2020 was $68,000 - Depreciation on building for 2020 was $32,000 - Note Payables are Long-Term Liabilities - Issued Common Stock at par value - Issued notes for $172,000