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The following comparative balance sheet is given for Estern Co.. Assets Dec 31 2021 Dec 31 2020 Cash $351,000 $58,500 Notes Receivable 72,000 63,000 Supplies

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The following comparative balance sheet is given for Estern Co.. Assets Dec 31 2021 Dec 31 2020 Cash $351,000 $58,500 Notes Receivable 72,000 63,000 Supplies & Inventory Prepaid expense 81,000 121,500 31,500 54,000 Long-term investments Machines and tools 0 81,000 166,500 144,000 Accumulated depreciation-equipment Total Assets (63.000) (45.000) $639.000 $477.000 Liabilities & Stockholders' Equity Accounts payable $ 76,500 Bonds payable (long-term) $ 31,500 211,500 166,500 Common Stock 180,000 103,500 Retained Earnings 216.000 130.500 Total Liabilities & Stockholders' Equity $.639.000 $477.000 Income Statement Information (2021): 1. Net income for the year ending December 31, 2021 is $130,500. 2. Depreciation expense is $18,000. 3. There is a loss of $9,000 resulted from the sale of long-term investment. Additional information (2021); 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of $81,000, yielding a $9,000 loss, 3. Cash dividends paid is $45,000, 4. The company purchased new machines and tools for $22,500 cash. Required: Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statement of cash flows for the year ended December 31, 2021. cewa loss of 59,000 hed from the tale of leg orv Additional juba (2021) All sales and purchases of inventory are ou seccent corredits 2 Received cashke the sale of leng-tean instants that had a cst of $81.000, ylting a 39.000 3 Cash dividende paal is $45.000 4 The company purchased new machines and tools for $22.500 Required: Prepare de FIRST (Opmating and the SECOND (vestung) sections of the statemen of cal des for the your add Decor 11, 201 (PLEASE PROVIDE EACH AMOUNTATEM IN A SEPARATE LISEY For the soba, pro ALT-10 (PC) or ALT B Yout E-A 2 IXO ***

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