The Extra Surplus Company's Balance Sheet for December 31, 2020 and the Income Statement for 2021 are shown below. Extra Surplus Company Balance Sheet December 31, 2020 Assets Cash $ 17,000 Accounts Receivable 8,500 Inventory 20,400 Property and Equipment, Net 34,000 $ 79,900 Liabilities and Stockholders' Equity Accounts Payable $ 17,000 Notes Payable, Long-Term 8,500 Common Stock 34,000 Retained Earnings 20,400 $ 79,900 es Extra Surplus Company Income Statement For the Year Ended December 31, 2021 Sales $ 31,200 Cost of Goods Sold 7,200 Salaries and Wages Expense 7,200 Interest Expense 2,400 Other Expense 1,200 Net Income $ 13,200 Additional data: Sales were $31,200; $19,200 in cash was received from customers. Bought new land for cash, $24.000. Sold other land for its book value of $12,000. Paid $2,400 principal on the long-term note payable and $2,400 in interest. Issued new shares of stock for $24,000 cash. Cash dividends of $3,800 were declared and paid to stockholders. Paid $13,900 on accounts payable. No inventory purchases were made; other expenses were incurred on account All wages were paid in cash. Required: a. Prepare a comparative balance sheet at December 31, for 2021 and 2020. Include the change from 2020 to 2021. b. Prepare the statement of cash flows using the direct method. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a comparative balance sheet at December 31, for 2021 and 2020. Include the change from 2020 to 2021. EXTRA SURPLUS COMPANY Balance Sheet at December 31, 2021 Change 2021 2020 Requin Required B > Complete this question by entering your answers in the tabs below. Required a Required B Prepare the statement of cash flows using the direct method. (Enter any deductions and cash outflows as a negative value.) EXTRA SURPLUS COMPANY Statement of Cash Flows Year Ended December 31, 2021 Cash Flows from Operating Activities: Cash Flows from Investing Activities: Cash Flows from Financing Activities