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2 3 6 7 8 9 10 11 12 The following comparative balance sheet is given for Estern Co.: Assets Cash Dec 31,2021 Notes Receivable $117,000 24,000 Supplies & Inventory 27,000 Prepaid expense 10,500 Long-term investments 0 Machines and tools 55,500 Accumulated depreciation-equipment (21.000) Total Assets $213.000 Liabilities & Stockholders' Equity 25,500 Accounts payable 55,500 Bonds payable (long-term) 60,000 Common Stock 72,000 Retained Earnings $213,000 Question 7 Total Liabilities & Stockholders' Equity 13 14 15 Dec 31, 2020 $19,500 21,000 40,500 18,000 27,000 48,000 (15.000) $159.000 $ 10,500 70,500 34,500 43.500 $159,000 16 2 3 6 7 8 9 10 11 12 The following comparative balance sheet is given for Estern Co.: Assets Cash Dec 31,2021 Notes Receivable $117,000 24,000 Supplies & Inventory 27,000 Prepaid expense 10,500 Long-term investments 0 Machines and tools 55,500 Accumulated depreciation-equipment (21.000) Total Assets $213.000 Liabilities & Stockholders' Equity 25,500 Accounts payable 55,500 Bonds payable (long-term) 60,000 Common Stock 72,000 Retained Earnings $213,000 Question 7 Total Liabilities & Stockholders' Equity 13 14 15 Dec 31, 2020 $19,500 21,000 40,500 18,000 27,000 48,000 (15.000) $159.000 $ 10,500 70,500 34,500 43.500 $159,000 16 Total Assets Liabilities & Stockholders' Equity Accounts payable Bonds payable (long-term) Common Stock Retained Earnings PROD 10 11 12 $213.000 13 14 $159.000 15 16 $ 25,500 $ 10,500 55,500 70,500 60,000 34,500 72,000 43,500 Total Liabilities & Stockholders' Equity $213.000 $159.000 Income Statement Information (2021): 1. Net income for the year ending December 31, 2021 is $43,500. 2. Depreciation expense is $6,000. 3. There is a loss of $3,000 resulted from the sale of long-term investment. Additional information (2021): 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of $27,000, yielding a $3,000 loss 3. Cash dividends paid is $15,000. 4. The company purchased new machines and tools for $7,500 cash. Required: Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statement of cash flows for the year endo (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE)