Sharp Sareen Farms, Inc. is developing its annual financial statements at December 31, current year. The statements are complete except for the statement of cash flows. The completed comparatvebalance sheets and income statement are summarized as follows: Curren Year Prior Year Balance sheet at S 65.500 24,750 0200 212,250 Property and equipment Less Accumulated depreciaton Note payable, long tem 74A00 Ineeme tatement for eurrent year $200,000 Cost of goods sold 4460 Additional Data Bought equipment for cash, $59,650. b Paid S12,100 on the longtemm note payable Issued new shares of stock for $5,000 cash, Dividends of S11,450 were declared and paid. e other expenses al relate to wages f Accounts payable includes only inventory purchases made on aedt