Part 1 of 3 O Points: 0 of 4 Save In January 2020, suppose a Copy Cat franchise in Regina purchased a building, paying $103,000 cash and signing a $157,000 note payable. The franchise paid another $75,000 to remodel the facility. Equipment and store fixtures cost $154.000, dishes and supplies a current assetwere obtained for $13,000 The franchise is depreciating the building over 25 years by the straight-line method with estimated residual value of $109,000. The equipment and store fixtures will be replaced at the end of five years, these assets are being depreciated by the double-diminishing-balance method, with zero residual value. At the end of the first year, the franchise has dishes and supplies worth $2,000. Show what the franchise will report for supplies, property, plant, and equipment, and cash flows at the end of the first year on its: Income statement Balance sheet Statement of cash flows (investing section only)