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: 11 Net income for the year ended December 31, 2020, was $96.000. Dividends paid during the year ended December 31, 2020, were $65.500. Accounts receivable decreased $14.000 during the year ended December 31, 2020. The cost of new buildings acquired during 2020 was $128.000. 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 $180.000. Required: o. 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 2020 2019 Assets: Current assets: Cash $ Accounts receivable $ 55,500 123.500 172.000 $ 351.000 149.500 $ 48,500 137,500 193,500 377,500 149,500 285,500 (112.500) 322,500 700,000 413.500 (129,000) $ 434.000 $ 785.000 $ S Inventory Total current assets Land Buildings Less: Accumulated depreciation Total land & buildings Total assets Liabilities: Current liabilities: Accounts payable Note payable Total current liabilities Long-term debt Stockholders Equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 171.000 $ 150.000 327,000 $ 187,500 126,500 314,000 162,500 $ $ $ 54,000 $ 47,000 176,500 223,500 700,000 $ $