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 20XX and 20XW of Maris Corporation: $3,300,000 1,950,000 Maris Corporation Income Statement Year Ended December 31, 2exx Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes 1,350,000 650, eee 230,000 470,000 80,000 390, eee 140,000 250,000 Earnings after taxes 10,000 Preferred stock dividends $240,000 Earnings available to common shareholders 150, eee $1.6e Shares outstanding Earnings per share 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 $800,000 240,000 140,000 $900,000 Comparative Balance Sheets For 20xx and 20X December 31, 2exx December 31, 20XW $120,eee 510,000 640,000 30, eee $100,000 500,000 610, eee 60,000 Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-term securities) Plant and equipment Less: Accumulated depreciation Net plant and equipment 1,300,000 80,000 1,270,000 90,000 2,600,000 1,230,000 2,000,eee 1,000,eee 1,370,000 1,000,000 $2,750,000 $2,360,000 Total assets Liabilities and Shareholders Fouity $550,000 500, cee 50, eee $300,000 See, 600 70,000 1,100,eee 878, eee 160,eee 1ee,eee Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20xY Total liabilities Shareholders' equity: Preferred stock Comon stock Retained earnings Total shareholdersequity Total liabilities and shareholders equity 1,260,000 970, cee 90,000 see, een 900,000 90,00 500,eee see, eee 1,490,000 1,390,000 $2,750,000 $2,360, eee 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.) Prepare a statement of cash flows for the Maris Corporation (Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response.) Maris Corporation Statement of Cash Flows For the Year Ended December 31, 20XX Operating activities: (Click to select) 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 operating activities Investing activities: Click to select) Click to selech) Net change in non-cash working capital Cash (Click to select) operating activities Investing activities: (Click to select) (Click to select) Cash (Click to select) v investing activities Financing activities: (Click to select) (Click to select) (Click to select) Cash (Click to select financing activities (Click to select) bolo Cash, beginning of year Cash, end of year