1. The following information is available for the New Jersey Rental.

	Assets at December 31, 2020..........................................	$152,000
	2020 Cash inflows from operating activities....................	105,000
	2020 Cash outflows from financing activities...................	(44,000	)
	2020 Cash outflows from investing activities...................	(84,000	)
	2020 Expenses...............................................................	43,000
	Equity at December 31, 2019..........................................	62,000
	Liabilities at December 31, 2020.....................................	28,000
	2020 Revenues..............................................................	135,000
	2020 Withdrawals..........................................................	(30,000	)

Using the above information prepare an Income Statement and Statement of Owner's Equity and Cash Flows for New Jersey Rental for 2020. Also prepare its Balance Sheet as of December 31, 2020.