JETER CORPORATION

BALANCE SHEET

DECEMBER 31, 2020 & 2019

	2020	2019
Cash..........................	$17,000	$50,000
Accounts Receivable...................	187,000	100,000
Prepaid Expenses ...............	22,000	14,000
Merchandise Inventory...............	211,000	200,000
Property Plant & Equipment........	660,000	420,000
Accumulated Depreciation ...........	(160,000)	(110,000)
Patents	33,000	30,000
Total Assets	$970,000	$704,000
Accounts Payable....................	$87,000	$81,000
Interest Payable..............	102,000	84,000
Salaries Payable..	70,000	62,000
Taxes Payable	13,000	21,000
Bonds Payable....................	160,000	130,000
Common Stock................	70,000	6,000
Additional Paid-in Capital.............	310,000	250,000
Retained Earnings....................	158,000	70,000
	$970,000	$704,000

JETER CORPORATION

INCOME STATEMENT

YEAR ENDED DECEMBER 31, 2020

Sales.............................	$600,000
Gain on Sale of Machine	30,000
Cost of goods sold..........................	(231,000)
Salary Expense	(76,000)
Various Expenses...........................	(4,000)
Amortization Expense..	(17,000)
Depreciation Expense....................	(90,000)
Interest Expense.............................	(25,000)
Tax Expense..................................	(45,000)
Net Income....................................	$142,000

FOOTNOTES The company sold a machine this year which an original cost of $110,000.

Compute the cash flow statement of Jeter corp in 2020.