Following is a partially completed balance sheet for Hoeman Inc. at December 31, 2020, together with comparative data for the year ended December 31, 2019. From the statement of cash flows for the year ended December 31, 2020, you determine the following: Net income for the year ended December 31, 2020, was $98,500. Dividends paid during the year ended December 31, 2020, were $66,500. Accounts receivable decreased $11,000 during the year ended December 31, 2020. The cost of new buildings acquired during 2020 was $126,000. No buildings were disposed of during 2020. The land account was not affected by any transactions during the year, but the fair value of the land at December 31, 2020, was $186,000. Required: a. Complete the December 31, 2020, balance sheet. (Hint: Long-term debt is the last number to compute to make the balance sheet balance.) b. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. Complete this question by entering your answers in the tabs below. Required A Required B Complete the December 31, 2020, balance sheet. (Hint: Long-term debt is the last number to compute to make the balance sheet balance.) HOEMAN INC. Comparative Balance Sheets At December 31, 2020 and 2019 Chec) 2019 1.66 points Skipped eBook $ 46,000 144,000 190,000 $ 380,000 146,500 274,000 (112,000) $ 308,500 $ 688,500 Print Comparative Balance Sheets At December 31, 2020 and 2019 2020 Assets: Current assets: Cash $ 54,000 Accounts receivable Inventory 162,000 Total current assets Land Buildings Less: Accumulated depreciation (129,000) Total land & buildings Total assets Liabilities: Current liabilities: Accounts payable Note payable 162,500 Total current liabilities $ 326,000 Long-term debt Stockholders' Equity: Common stock $ 50,500 Retained eamings Total stockholders' equity Total liabilities and stockholders' equity References $ 193,000 128,500 321,500 140,000 S $ $ 45,500 181,500 227,000 688,500 $ $