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Squirrel Tree Services reports the following amounts on December 31 Liabilities and Stockholders' Equity Cash Supplies Prepaid insurance Building $ 7,900 Accounts payable 2,000 Salaries

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Squirrel Tree Services reports the following amounts on December 31 Liabilities and Stockholders' Equity Cash Supplies Prepaid insurance Building $ 7,900 Accounts payable 2,000 Salaries paya 3,700 Notes payable 74,000 Common stock $ 10,300 3,700 22,000 40,000 11,600 ble Retained earnings In addition, the company reported the following cash flows Cash Inflows Customens Borrow from the bank (note) Sale of investments Cash Outflows $ 24,000 6,000 7,500 66,000 $ 64,000 Employee salaries 22,000 Supplies 13,000 Dividends Purchase building

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