N E Red Green Company Comparative Balance Sheet December 31, 2023 D Current Assets Cash Temporary Cash Investments Inventory Office and Sales Supplies on Hand 2023 2022 $25,000 $15,000 $20,000 $40,000 $15,000 $50,000 $200 $200 Pre-paid Rent $2,000 Pre-paid Insurance $400 $2,000 $400 alt Total Current Assets $62,600 $107,600 Property, Plant and Equipment Manufacturing Equipment less Accumulated Depreciation Net Manufacturing Equipment $300,000 $240,000 ($95,000) ($75,000) $205,000 $165,000 Total Assets $267,600 $272,600 20X9 20X8 Current Liabilities Accounts Payable $10,000 $6,000 Sales Commissions Payable SO $1,000 Taxes Payable $5,000 $32,700 Dividends Payable $500 $500 Current Portion of Long Term Debt $2,000 $2,000 Total Current Liabilities $17,500 $42,200 Bank Loan payable $85,000 $90,000 Total Long Term Liabilities $85,000 $90,000 Total Liabilities $102,500 $132.200 Shareholders' Equity Common Shares $100,000 $70,000 Retained Earnings $65,100 $70,400 Total Shareholder Equity $165,100 $140,400 Total Liabilities and Shareholders Equity $267,600 $272,600 The company purchased new equipment for cash; there were no equipment disposals. Sales Revenue Red Green Company Income Statement For the Fiscal Year Ended December 31, 2023 Cost of Goods Sold Gross Profit Operating Expenses Wages & Salaries $125,000 Utilities Interest $7,000 $500 Total Operating Expenses Store rent Store supplies Advertising Depreciation Income From Operations Other Revenues & Expenses Interest Revenue Net Income $650,000 $357,000 $293,000 $24,000 $900 $44,600 $20,000 $222,000 $71,000 Prepare a cash flow statement for the year ended December 31, 2023 $7,500 $78,500