QUESTION 5 1 pc Carson Company is a service provider with a December 31st year end. Carson performs all customer services on account and purchases 100% of the asset supplies on account from vendor Natural Products. Treat each Carson Company exam question as stand alone. Carson needs your assistance in preparing the company's 12/31/2020 Statement of Cash flows and in order to assist you with your work, Carson provides you with the following: The company's comparative balance sheet (showing all accounts except the equity accounts which have been intentionally omitted: Account Description 12/31/2019 12/31/2020 Debit Credit Debit Cash $18.245 $20.225 Accounts Receivable 24.100 57.200 Supplies 16,200 17,800 Prepaid Insurance Expense 3.435 Vehicles 100,000 55,000 Equipment 125.000 137.000 Accumulated Depreciation 592,675 $75,625 Accounts Payable-Natural Products 4,425 1.600 Dividend Payable 14.000 8,000 Rent Payable 3,000 3.100 Salaries Payable 3,000 Utilities Payable 600 550 (i) The company's 12/31/2020 income statement: 2.280 Service Fee Revenue $310,000 Less: Operating Expense Advertising Expense 37,000 Depreciation Expense 21,065 Insurance Expense 8,550 Rent Expense 33,875 Salaries Expense 97,300 Supplies Expense 27,000 Travel Expense 32,000 Utilities Expense 5,550 ($262,340) Net Income from Operations $47,660 Other: Gain on asset disposal 1,315 Net Income $48.975 Consider the company's Statement of Cash Flows that they have asked your assistance to prepare. True or False: the header used on Carson's Statement of Cash Flows would include the language for the twelve months ended 12/31/2020. O True O False