Part 2: Statement of Cash Flows (25 marks) The comparative balance sheets, income statement and additional information of Buona Inc. are presented as follows. Assets Buona Inc. Balance Sheet At 31 December 2021 $ 2020 $ Cash 179,880 171,300 Accounts Receivable 48,360 43,800 Inventory 77,700 82,400 Prepaid Insurance 26,200 16,500 Equipment 138,600 122,000 Accumulated Depreciation - Equipment (67,200) (72,000) Building 467,000 342,000 Accumulated Depreciation - Building (48,000) (32,000) Total Assets 822,540 674,000 Liabilities and Stockholders' Equity Liabilities Accounts Payable 42,500 34,600 Unearned Revenue 15,060 18,700 Notes Payable (long-term) Total Liabilities 201,000 161,000 258,560 214,300 Stockholders' Equity Common Stock 410,000 350,000 Retained Earnings 202,980 150,700 Treasury Stock (49,000) (41,000) Total Stockholders' Equity 563,980 459,700 Total Liabilities and Stockholders' Equity 822,540 674,000 Buona Inc. Income Statement For the Year Ended 31 December 2021 $ Revenues 456,000 Cost of goods sold 205,200 Operating expenses 150,400 Depreciation expenses 28,000 Gain on sale of equipment 5,200 Tax expense 15,520 Net income 62,080 Additional Information a. Paid $41,000 for a new equipment. b. An equipment with an original cost of $24,400 (its book value was $7,600) was sold for $12,800 cash. c. Signed a 10-year promissory note of $125,000 in exchange for a new building. d. Paid $85,000 to settle a note payable.