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Please help me answer the questions. thank you! Question #5: Selected nancial statement information and additional data for Diablo Enterprises Go-Kart Corporation is presented below

Please help me answer the questions. thank you!

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Question #5: Selected nancial statement information and additional data for Diablo Enterprises Go-Kart Corporation is presented below Diablo Enterprises Go-Kart Corporation Balance Sheet and Income Statement Data December 31, December 31, 2020 2021 Current Assets Cash $115,000 $193,000 Accounts Receivable 326,000 383,000 Inventory 324,000 206,000 Total Current Assets 765,000 782,000 Property, Plant, and Equipment 1,122,000 1,241,000 Less: Accumulated Depreciation (442,000) =(476,000) 680,000 765,000 Total Assets $1,445,009 $1,547,009 g I I . l '!'|' W Payable $112,000 $155,000 Notes Payable 68,000 61,000 WTaxes Payable 66,500 107,000 Total W W186, 246,500 323,000 Bonds Payable 391,000 340,000 Total Liabilities 637,500 663,000 Stockholders' Equity Common Stock 467,500 510,000 Retained Earnings 340,000 374,000 Total Stockholders' Equity 807,500 884,000 Total Liabilities 8. Stockholders' Equity W $1,541,000 Additional Information: 1. Net Income for the year ending December 31, 2021 was $154,099 2. During the year, the company sold equipment at a sale price below its book value. The sale resulted in a loss of $12,000. This equipment's original cost was $147,000. Accumulated depreciation totaled $119,000 on the date it was sold. 3. They purchased new equipment for $266,000. Required: Prepare a statement of cash ows in proper form for the year ending December 31, 2021

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