Question 4 (12 marks) (22 minutes) Following is the December 31, 20x0 balance sheet (beginning of the year) and the statement of cash flows for the year ended December 31, 20x1 for Meadows Ltd.: Assets Cash Accounts receivable Inventory Vehicles and equipment Meadows Ltd. Balance Sheet as at December 31, 20x0 Accumulated depreciation : -vehicles and equipment Liabilities and equity Accounts payable Interest payable Notes payable Common shares Retained earnings $ 4,000 75,000 82,000 360,000 (82,000) $439,000 $ 35,000 4,000 174,000 30,000 196,000 $439,000