YUESLIOn $1(1$U pUnILS$)$The Extra Surplus Company's Balance Sheet for December $31,2020$ and the IncomeStatement for $2021$ are shown below.Extra Surplus CompanyBalance SheetDecember $31,2020$AssetsCashAccounts ReceivableInventoryProperty and Equipment, Net$ $10,0005,00012,00020,000$$ $47,000$Liabilities and Stockholders' EquityAccounts PayableNotes Payable, Long$-$Term Common Stock Retained Earnings$ $10,0005,00020\mathrm{.}00012,000$$ $47,000$Extra Surplus CompanyIncome StatementFor the Year Ended December $31,2021$Sales$ $13,000$Cost of Goods Sold$3,000$Salaries and Wage Expense $3,000$Interest Expense$1,000$Other Expenses$500$Net Income$ $5,500$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$**$ Prepare a comparative balance sheet at December $31,$ for $2021$ and $2020.$ Include the change from $2020$ to $2021.*$ Prepare the statement of cash flows using the direct method