Squirrel Tree Services reports the following amounts on December 31, 2021. Assets Cash Supplies Prepaid insurance Building $ 8,700 2,800 4,500 82,000 Liabilities and Stockholders' Equity Accounts payable $12,700 Salaries payable 4,500 Notes payable 30,000 Common stock 40,000 Retained earnings 10,800 In addition, the company reported the following cash flows. Cash Inflows Customers Borrow from the bank (note) Sale of investments $80,000 30,000 25,000 Cash Outflows Employee salaries Supplies Dividends Purchase building $32,000 14,000 11,500 82,000 Required: 1. Prepare a balance sheet. 5. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Balance Sheet Statement of Cash Flows Prepare a balance sheet SQUIRREL TREE SERVICES Balance Sheet December 31, 2021 Assets Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets Balance Sheet Statement of Cash Flows > Squirrel Tree Services reports the following amounts on December 31, 2021. Assets Cash Supplies Prepaid insurance Building $ 8,700 2,800 4,500 82,000 Liabilities and Stockholders' Equity Accounts payable $12,700 Salaries payable 4,500 Notes payable 30,000 Common stock 40,000 Retained earnings 10,800 In addition, the company reported the followin cash flows. Cash Inflows Customers Borrow from the bank (note) Sale of investments $80,000 30,000 25,000 Cash Outflows Employee salaries Supplies Dividends Purchase building $32,000 14,000 11,500 82,000 Required: 1. Prepare a balance sheet. :. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Balance Sheet Statement of Cash Flows 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 For the year ended December 31, 2021 Cash Flows from Operating Activities Net Cash Flows 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