For December 31,20xx, the balance sheet of the Gardner Corporation is as follows: Sales for 20XY were $293.000, with cost of goods sold being 63 percent of sales. Amortization expense was 14 percent of plant and equipment (net) at the beginning of the year, Interest expense for the bonds payable was 12 percent, while interest on the notes payable was 15 percent. These are based on December 31,20x, balances. Selling and administrotive expenses were $27,400, and the tax rate averaged 18 percent. During 20XY, the cash balance and prepaid expense balance were unchanged. Accounts recelvable and inventory each increased by 15 percent, and accounts payable increased by 28 percent. A new machine was purchased on December 31,20XY, at a cost of $42,000. A cash dividend of $11,000 was paid to common shareholders at the end of 20XY. Also, notes payable increased by $2,902 and bonds payable decreased by 10.630 . The common stock account did not change. b. Prepare a balance sheet as of December 31,20XY. (Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity.) c. Prepare a statement of cash flows for the year ending December 31,20XY. (Record the change in the notes payable under the operating activity of Cash flow. Do not leave any empty spaces; input a 0 wherever it is required. Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response.) (Click to select) Add itemis not requiring an outlay of cash: (Click to select) Cash flow from operations Changes in non-cash working capital: Net Change in non-cash working capital Cash (Click to select) v operating activities Investing activities: (Click to select) Cash [Click to select) Investing activities Finanoing activities: [(Click to select) (Click to select) Cash (Click to select) financing activities (Click to select) Cash, beginning of year Cash, end of year $ \begin{tabular}{|l|} \hline \\ \hline \\ \hline \\ \hline \end{tabular} $