Part A. Using the numbers from the comparative financial statements, complete a statement of cash flow for the most recent year. Use the indirect format for operating cash flows.

Part B. Write a Brief analysis about the company's performance during the last 3 years.

2018 2020 2018 325,994 104,318 221,676 Comparative Balance Sheets December 31, 2020; December 31, 2019; December 31, 2018 2020 2019 Assets Current Assets Cash 143,291 113,475 Accounts Receivable 45,011 35,997 Merchandise Inventory 105,206 93,067 Supplies 9,457 8,400 Prepaid Rent 21,000 17,000 Total Current Assets 323,965 267,939 Fixed Assets Equipment 258,469 231,513 Accumulated Depr., Equip. (85,011) (77,065) Total Fixed Assets 173,458 154,448 Total Assets 497,423 422,387 110,802 33,077 90,005 7,500 16,000 257,384 Comparative Income Statements For the years ending 12/31/2020; 12/31/2019; 12/31/2018 2019 Sales 341,729 335,007 Cost of Goods Sold 107,930 100,502 Gross Profit 233,799 234,505 Operating Expenses Depreciation Expense 33,402 32,145 Salaries Expense 120,990 119,048 Utilities Expense 18,475 17,806 Supplies Expense 3,402 4,115 Rent Expense 24,000 18,000 Total Operating Expenses 200,269 191,114 Income from Operations 33,530 43,391 Other Revenues & Gains Gain on Sale of Equipment 400 Other Expenses & Losses Interest Expense 2,290 2,328 Income before Income Taxes 31,640 41,063 Income Tax Expense 9,492 12,319 Net Income 22,148 28,744 30,042 114,089 16,135 4,500 17,000 181,766 218,003 (75,115) 142,888 39,910 400,272 2,860 37,050 11,115 25,935 32,705 10,420 3,401 10,478 57,004 30,899 11,600 2,875 9,942 55,316 37,115 10,330 2,800 8,750 58,995 Liabilities and Owners' Equity Li abilities Current Liabilities Accounts Payable Salaries Payable Utilities Payable Unearned Revenue Total Current Liabilities Long-Term Liabilities Notes Payable Total Liabilities Owners' Equity Common Stock Retained Earnings Total Owners' Equity Total Liabilities and Owners' Equity Geller Corporation Statement of Retained Earnings For the Year Ending December 31, 2020 45,800 38,800 94,116 35,750 94,745 Retained Earnings, 1/1/2020 Add: Net Income 102,804 78,271 22,148 100,419 5,800 94,619 Less: Dividends Retained Earnings, 12/31/2020 300,000 94,619 394,619 497,423 250,000 78,271 328,271 422,387 250,000 55,527 305,527 400,272 Additional Information: 1. Sold equipment that originally cost $38,044 for $12,988. 2. Purchased equipment for cash; $65,000. 15,000 12,500 12,500 Shares Issued and Outstanding * No-par value stock