RJC Inc. had the following balance sheet at December 31, 2020. RJC INC. Balance Sheet December 31, 2020 Cash $ 20,000 Accounts payable $ 30,000 Accounts receivable, net 21,200 Bonds Payable 41,000 Investments 32,000 Stockholders' Equity 123,200 Equipment (net) 81,000 Land 40,000 $194,200 $194,200 Additional information for 2020: 1.) Accounts receivable net includes an allowance for doubtful accounts of $4,000. No additional allowance is required for 2021. 3.) Accumulated depreciation for equipment is $18,000 as of 12/31/20 5.) Total Stockholders' Equity includes the following; Common stock has a par value of $2.00, Authorized shares are 400,000; Total shares issued as of 12/31/20 are 25,000 at an average issue price of $3.50. The balance in stockholders' equity is retained earnings. During 2021, the following occurred. 1. RJC liquidated its available-for-sale debt investment portfolio at a loss of $5,000. 2.Equipment was purchased for $38,000. 3.An additional 5,000 shares of common stock are issued for $30,000 4.Dividends totaling $10,000 were declared and paid to stockholders. 5.Net income for 2021 was $35,000, including $12,000 in depreciation expense. 6.Land was purchased through the issuance of $30,000 in additional bonds. 7.At December 31, 2021, Cash was $70,200, Accounts Receivable, net was $42,000, and Accounts Payable was $40,000. Additional information for 2021: 1.) Land includes land held for speculation of $15,000. 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. Cash $20,000 Accounts receivable, net 21,200 Investments 32,000 Equipment, net 81,000 Land 40,000 Total Assets $194,200 Accounts payable $30,000 Bonds Payable 41,000 Total Stockholders' Equity 123,200 Total Lia & S/E $194,200 Operating Investing Financing Statement of Shareholders' Equity Total Retained Earnings Common Stock APIC Beginning Balances Net Income Dividends Issue Common Stock Issue Common Stock Ending Balance