The Extra Surplus Company's Balance Sheet for December 31, 2020 and the Income Statement for 2021 are shown below. Additional data: - Sales were $13,000;$8,000 in cash was received from customers. - Bought new land for cash, $10,000. - Sold other land for its book value of $5,000. - Paid $1,000 principal on the long-term note payable and $1,000 in interest. - Issued new shares of stock for $10,000 cash. - Cash dividends of $1,000 were declared and paid to stockholders. - Paid $5,500 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