Prepare, in good form (including headings), a statement of cash flows for 2020.

1. Balvar Corporation, a manufacturing concern, provides the following information: balance sheets for 2019 and 2020; and 2020 income statement. Prepare, in good form (including headings), a statement of cash flows for 2020. The company paid dividends of $4,250 during 2020 2020 2019 Olive Corporation Balance Sheet As of December 31. JAN Cash and cash equivalents Accounts Receivable Invoy Current Assets S41.900 24.000 30 000 95.900 S25.000 6,250 36,000 67.250 42.000 Equipment Less: Accumulated depreciation Land 38.500 27,000 10,000 25.000 Total assets 5148.900 S108,750 Liabilities Accounts Payable Accrued Salaries Payable Rent Expense Payable Income Tax Payable Current Liabilities $17.500 5.500 2,200 6.900 32.100 $22.00 3.000 1.00 4. 35,500 Long-term note payable Total Liabilities 50.000 82.100 30.00 65.500 Stockholders' Equity Common stock Retained earnings 42.000 24.800 30,00 13,250 Total liabilities and stockholders equity 5148.900 S108.750 Balvar Corporation Income Statement For the year ended December 31, 2020 Revens Cost of goods sold Gross Profit $147,000 -34.000 563,000 Operating Express Depreciation expense Salary expen Insurance lixpense Rent Expense Interest Expense Total Operating Expenses -7.000 -14.000 3.500 -10.000 4.200 3300 Income from Operations Income Tax Expense 24,70 6.900 Net income $12.00