The Extra Surplus Company's Balance Sheet for December 31, 2020 and the Income Statement for 2021 are shown below. Additional data: - Sales were $14,300;$8,800 in cash was received from customers. - Bought new land for cash, $11,000. - Sold other land for its book value of $5,500. - Paid $1,100 principal on the long-term note payable and $1,100 in interest. - Issued new shares of stock for $11,000 cash. - Cash dividends of $1,200 were declared and paid to stockholders. - Paid $6,100 on accounts payable. - No inventory purchases were made; other expenses were incurred on account. - All wages were paid in cash. - Other expenses were on account. 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. Prepare a comparative balance sheet at December 31, for 2021 and 2020. Include the change from 2020 to 2021. Prepare the statement of cash flows using the direct method. (Enter any deduc Additional data: - Sales were $14,300;$8,800 in cash was received from customers. - Bought new land for cash, $11,000. - Sold other land for its book value of \$5,500. - Paid $1,100 principal on the long-term note payable and $1,100 in interest. - Issued new shares of stock for $11,000 cash. - Cash dividends of $1,200 were declared and paid to stockholders. - Paid $6,100 on accounts payable. - No inventory purchases were made; other expenses were incurred on account. - All wages were paid in cash. - Other expenses were on account. 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. Prepare a comparative balance sheet at December 31, for 2021 and 2020. Include the change from 2020 to 2021. Required A Required B Prepare the statement of cash flows using the direct method. (Enter any deductions and cash outflows as a negative value.) \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ EXTRA SURPLUS COMPANY } \\ \multicolumn{1}{|c|}{ Year Ended December 31, 2021 } \\ \hline Cash Flows from Operating Activities: \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Cash Flows from Investing Activities: & \\ \hline & \\ \hline & \\ \hline & \\ \hline Cash Flows from Financing Activities: & \\ \hline & \\ \hline \end{tabular}