QUESTION 2 Answer using no punctation such as $,% or, (commas) If the answer is negative use a neagtive sign. Ex. -1000 or -146000 Question #1 Balance sheet information for a resort hotel reflects the changes to current accounts that occurred over the annual operating period ended December 31, 2019. Cash account balance at December 31, 2018, was $21,000. Complete the cash flow statement below to determine the impact of these activities on cash flow. 20 Marks Total Current Asset Accounts Credit Card Receivables Accounts Receivable Inventories Prepaid Expenses Change Increased Increased Decreased Decreased Amount 1,000 2,100 1,200 1,100 Current Liability Accounts Accounts Payable Taxes Payable Change Increased Decreased Amount 2,500 700 Additional information applying to the current year ending December 31, 2019: a. Net Income was $160,000. b. New furnishings were purchased for $8,000 c. New equipment was purchased for $14,000 d. A total of $31,000 was paid to reduce long term debt. Additional information applying to the current year ending December 31, 2019: a. Net Income was $160,000. b. New furnishings were purchased for $8,000 c. New equipment was purchased for $14,000 d. A total of $31,000 was paid to reduce long term debt. e. Cash Dividends of $62,000 were declared and paid. Net cash flow, operating activities 161000 Purchased new furnishings Purchased new equipment Net Cash Flow from Investing Activities Net cash flow, operating activities 161000 Purchased new furnishings Purchased new equipment Net Cash Flow from Investing Activities Reduction to long-term debt Cash dividends declared and paid Net cash flow, financing activities Net cash flow, increase Cash balance, December 31, 2018 Cash balance, December 31, 2019