Squirrel Tree Services reports the following amounts on December 31 Liabilities and Stockholders' Equity Cash Supplies Prepaid insurance Building $ 10,300 3,700 22,000 40,000 11,600 $ 7,900 Accounts payable 2,000 Salaries payable 3,700 Notes payable 74.000 Common stock Retained earnings In addition, the company reported the following cash flows Cash Inflows Customers Borrow from the bank (note) Sale of investments Cash Outflows $ 64,000 Employee salaries $ 24,000 6,000 7,500 66,000 22,000 Supplies 13,000 Dividends Purchase building Required 1. Prepare a balance sheet. SQUIRREL TREE SERVICES Balance Sheet Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total assets 0 Total liabilities and stockholders' equity 2. Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) SQUIRREL TREE SERVICES Statement of Cash Flows Cash Flows from Operating Activities Net cash fiows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the year Cash at the end of the year