RJC Inc. had the following balance sheet at December 31, 2020. Additional information for 2020: 1.) Accounts receivable net includes an allowance for doubtful accounts of $5,000. No additional allowance is required for 2021. 3.) Accumulated depreciation for equipment is $20,000 as of 12/31/20 5.) Total Stockholders' Equity includes the following; Common stock has a par value of $1.00, Authorized shares are 400,000 ; Total shares issued as of 12/31/20 are 40,000 at an average issue price of $2.50. The balance in stockholders' equity is retained earnings. During 2021, the following occurred. - 1. RJC Inc. sold .equipment (cost 20,000 and accumulated depreciation 8,400 ) for $15,000. - 2. Equipment was purchased for $13,000 cash. - 3. Long-term notes payable in the amount of $16,000 were retired before maturity by paying $16,000 cash. - 4. An additional 7,000 shares of common stock was issued for $20,000. - 5. Dividends of $8,200 were declared and paid to stockholders. - 6. Net income for 2021 was $32,000 after allowing for depreciation of $11,000. - 7. Land valued at $35,000 was purchased through the issuance 10,000 shares of common stock. - 8. At December 31,2021 , Cash was $37,000, Accounts Receivable was $41,600, and Accounts Payable remained at $30,000. Additional information for 2021: 1.) The company expects to sale $10,000 of it's equity investments in the next year. The balance is expected to be held for more than one year. 2.) Land includes land held for speculation of $5,000. Instructions (a) Prepare a statement of cash flows for 2021. (b) Prepare a classified balance sheet as it would appear at December 31, 2021. (c) Prepare a statement of stockholders' equity as of December 31,2021