ROCKY ROAD BICYCLES, INC Comparative Balance Sheets December 2019 TOTAL LIABILITIES AND EQUITY Additional Information: $2,212,000$1,792,000 1) Rocky Road reported net income of $324,000 in 2020 2) Depreciation expense was $122,000 in 2020 3) Rocky Road sold plant assets during 2020 . The plant assets originally cost $88,000, with accumulated depreciation of $48,000, and were sold for a gain of $16,000. Increase in cash from 2019-2020: $10,000 \begin{tabular}{rrr} Dividends Paid: Beginning R/E & $624,000 \\ + & NI & 324,000 \\ & Div & $156,000 \\ & \end{tabular} ROCKY ROAD BICYCLES, INC. CASH FLOW STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020