pumpany additional sheets of paper. Must be completed on an individual basis. Part 1 Hendrix Company has hired an intern (who did not take accounting at Hendrix College) and tasked the intern with preparing the monthly classified balance sheet. Below is the balance sheet prepared by the intern. Hendrix Company Balance Sheet For the Month Ended August 30, 2019 Current Assets: Cash Accounts Receivable Marketable securities Inventory Investment in ABC Company Total Current Assets 26,000 25,000 18,000 24,000 20,000 113,000 Current Liabilities: Accounts payable Income tax payable Premium on bonds payable Total Current Liabilities $ 22,000 15,000 2,000 39,000 Long-Term Liabilities: Bonds payable (due 2025) TOTAL LIABILITIES Investments Treasury stock 60,000 99,000 25,000 Plant, Property, and Equipment: Buildings and land Less: Accumulated Depreciation 91.000 31,000 60.000 Common Stock: Common stock, $10 par Retained earnings Cash dividends declared TOTAL COMMON STOCK 85,000 25,000 8,000 118,000 Other Assets: Cash surrender value of insurance 19.000 TOTAL ASSETS $ 217.000 TOTAL LIABILITES & SE $ 217,000 Instructions Identify all of the mistakes in the above balance sheet. In addition, identify the correction that would need to be Part II The following items involve the cash flow activities of Hendrix Company for 2019. a) Net income - $44,000 b) Payment of dividends - $33,000 c) Beginning cash balance - $13,000 d) Depreciation expense - $6,000 f) Accounts receivable increased by $18,000 g) Accounts payable increased by $5,000 h) Purchased equipment - $17,000 i) Issued common stock - $20,000 Instructions Prepare a statement of cash flows for year-end 2019 using the indirect method. ee