You have been provided with a 2020 income statement and 2019 and 2020 balance sheets for Wenwen, Inc. + In addition: In 2020, Wenwen paid $5,000 of preferred stock dividends In 2020, Wenwen also paid common stock dividends . . Your assignment is to: Prepare a 2020 cash flow statement for Wenwen, Inc. in proper GAAP format. H Prepare a free cash flow calculation for 2020 and reconcile the free cash flow total to the total change in cash from the GAAP income statement. . A Deliverable: Provide the requested information in an excel file. Add explanations and comments to the spreadsheet as needed. Wenwen, Inc. Income Statement 2020 Revenue Cost of Revenue Gross Profit 250,000 160,000 90,000 R&D Sales & Marketing G&A Total Operating Expenses 15,000 34, 000 9,000 58,000 EBIT Interest Expense EBT Taxes Net Income 32,000 7,000 25,000 5,000 20,000 Cash Short-term investment securities Accounts receivable Inventory Prepaid Rent Prepaid Insurance Total current assets Wenwen, Inc. Balance Sheet 2019 8, 100 2,200 18. 300 35, 400 2020 4, 400 1,300 27, 100 31, 200 2, 000 7, 300 73, 300 Accounts payable Taxes payable Short-term debt Interest Payable Accrued wages Deferred revenue - short-term Total current liabilities Wenwen, Inc. Balance Sheet 2019 2020 26, 600 32, 700 6, 700 L 6, 200 8, 200 7.900 1,400 1, 600 2, 300 1, 800 3,700 3, 600 18,900 53,800 4,500 68,500 11, 100 19, 500 79, 500 9, 700 17, 100 80, 600 Cross plant and equipment Accumulated depreciation Net plant and equipment Gross intangible assets Accumulated amortization Net intangible assets Other long term operating assets Long term investment securities Total Assets 46, 600 (7, 700) 38, 900 8, 800 (1,000) 7, 800 2, 900 3, 100 121,200 53, 400 Deferred revenue - long term (12, 500) Long-term debt 40, 900 Total Liabilities 8, 800 (2,700) Common Stock & APIC 6, 100 Preferred Stock 3, 300 Treasury_stock 1, 100 Retained earnings 125,000 Total Equity Total Liabilities & equity 5, 200 8, 100 (11, 100) 39,500 41,700 121,200 5, 700 8, 100 (13, 400) 14,000 44.400 125,000