The following incial statement for Sumer Company Co. Samer Company Balance Sheets December 31, 2020 and 2001 2000 Cune Cad 572000 Accountable 100 1.000 Prepaid expenses 40,000 To current 3000 80.000 WEB NO 36.000 100.000 329.000 25000 64.000 2. 308 244000 176.00 32.000 1000 12 000 0 000 224 000 LOG 10 plant and equipment Les Acanalated depreciation Neden Total Scheldur Cartabilities Acom Accredibilis Teal current Bonds payable Deferred income Total Stockholde equity Commossa Retail carings Teal stockholdene Tallinnast Same Company Income Statuten For the year ended December 31, 2031 Sales Cod sold Gross margin Depreciation expert Other operating expenses Net operating Zass on sale of equipment Income before Net income SO 160.00 240.000 LOG 12.00 142 3.000 160.000 120.000 20.000 40 000 16.000 24000 14.400 Additional del tits during 2021 was follows . During 2021. Sumer Company old med equipment for 512.000 that hat.com 560,000 with cumulated depreciation of $32,000 New equipment was purced for 545.000 cath Cash dividend totaling 2.000 were paid Long-term investment that had con $72.000 patchs were sold for 572.000 Commotock wad for 500.000 Required Trepent the operating stivities section of the west of where the indirect method