Montana, Inc. Comparative Balance Sheets December 31, 20XX and 20YY Assets Later Year Earlier Year $ 47,940 Cash $ 70,720 Accounts Receivable 207,230 188,190 Inventories 298,520 289,850 Investments 102,000 Land 295,800 Equipment 438,600 358,020 Accumulated Depreciation (99,110) (84,320) $ 901,680 Total $1,211,760 Liabilities & Stockholders' Equity Accounts $ 205,700 Payable $ 194,140 30,600 26,860 25,500 20,400 Accrued Expenses Payable Dividends Payable Common Stock Paid in Capital In Excess of Par Retained Earnings 202,000 102,000 354,000 204,000 393,960 354,280 $ 901,680 Total $1,211,760 Montana, Inc. Income Statement For Year Ending Later Year $2,023,898 Sales Loss on Sale of Plant Assets Total (10,200) $2,013,698 Less: Cost of Goods Sold Operating Expenses $1,245,476 517,299 14,790 except Depr Depreciation Expense Income Tax Interest Expense 74,453 20,000 1,872,018 Net Income $ 141,680 Additional Information: 1. Equipment was acquired for $80,580; Land was acquired for $295,800. 2. Investments were sold for $91,800 3. Common Stock was issued for Cash. 4. A cash dividend of $102,000 was declared during the year. Assignment: Prepare a Statement of Cash Flows for year end Later Year