Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Maris Corporation: Maris Corporation Income Statement Year Ended December 31, 20xXx Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes: Taxes $4,800,000 3,000,000 1,800,000 640,000 300,000 860,000 53,000 807,000 400,000 Earnings after taxes 407,000 Preferred stock dividends 50,000 Earnings available to common shareholders $357,000 Shares outstanding 223,125 Earnings per share $1.60 4 Stares outstan Earnings per share 223,123 $1.60 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20xx Add: Earnings available to common shareholders, 20xx Deduct: Cash dividends declared and paid in 20xx Retained earnings, balance, December 31, 20xx $880,000 357,000 200,000 $1,037,000 Assets Current assets: Cashi Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-term securities) Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Comparative Balance Sheets For 20XX and 20XW December 31, 20xx December 31, 20XW I $120,000 $108,000 450,000 438,000 580,000 550,000 39,000 1,189,000 100,000 78,000 1,174,000 105,000 2,400,000 1,058,000 1,800,000 758,000 1,342,000 1,042,000 $2,631,000 $2,321,000 Lasn Accounts receivable (net) Inventory Prepaid expenses $120,000 450,000 580,000 438,000 550,000 39,000 78,000 Total current assets 1,189,000 1,174,000 Investments (long-term securities) 100,000 105,000 Plant and equipment 2,400,000 1,800,000 Less: Accumulated depreciation 1,058,000 758,000 Net plant and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable 1,342,000 $2,631,000 1,042,000 $2,321,000 $171,000 Notes payable Accrued expenses $280,000 500,000 500,000 44,000 60,00d Total current liabilities Long-term liabilities: Bonds payable, 28XY Total liabilities Shareholders' equity: Preferred stock Common stock Retained earnings 824,000 731,000 160,000 100,000 984,000 831,000 110,000 110,000 500,000 500,000 1,037,000 880,000 Total shareholders' equity 1,647,000 1,490,000 Total liabilities and shareholders' equity $2,631,000 $2,321,000 Prepare a statement of cash flows for the Maris Corporation. (Amounts to be deducted should be indicated with a minus sign. Omit S sign in your response.) Operating Activities: (Click to select) MARIS CORPORATION Statement of Cash Flows For the Year Ended December 31, 20xx Add items not requiring an outlay of cash: (Click to select) Cash flow from operations (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Net Change in non-cash working capital Cash (Click to select Investing activities: (Click to select) (Click to select) operating activities Ga Cash (Click to select Investing activities 4 (Click to select) (Click to select) (Click to select) Net Change in non-cash working capital Cash (Click to select Investing activities: (Click to select) (Click to select) operating activities Cash (Click to select) Investing activities Financing activities: (Click to select) (Click to select) (Click to select) Cash (Click to select financing activities (Click to select) Cash, beginning of year Cash, end of year