Preparing a Cash Flow Worksheet Taser Corporation's recent comparative balance sheet and income statement follow. Balance Sheets, December 31 2019 2020 Assets Cash and cash equivalents $23,400 $38,280 Merchandise inventory Investments, long-term Accounts receivable (net) 40,800 40,800 93,600 102,000 12,000 Plant assets 202,200 216,600 Accumulated depreciation (52,800) (40,800) Total assets $307,200 $368,880 Liabilities and Stockholders' Equity Accounts payable $25,200 $22,800 Salaries payable 1,800 Income taxes payable 2,400 600 4,200 Bonds payable 120,000 120,000 Premium on bonds payable 4,800 4,440 Common stock, no-par Retained earnings Total liabilities andstockholders' equity $307,200 $368,880 Income Statement, For Year Ended December 31 2020 144,000 186,600 9,000 30,240 Sales revenue $144,000 Cost of goods sold (57,600) Depreciation expense (7,200) Salaries expense (26,400) Income tax expense (12,000) Interest expense (8,400) Other expenses (2,760) Gain on sale of plant assets 3,600 Net income $33,240 Additional information 1. Purchased a plant asset, $36,000; issued capital stock in full payment.