On January 1, 2021, Black Iron Bar & Grill purchased a building, paying $56,000 cash and signing a $101,000 note payable. The company paid another $60,000 to remodel the building. Furniture and fixtures cost $51,000, and dishes and supplies—a current asset—were obtained for $9,600. All expenditures were for cash. Assume that all of these expenditures occurred on January 1, 2021. 

Black Iron is depreciating the building over 25 years using the straight-line method, with an estimated residual value of $52,000. The furniture and fixtures will be replaced at the end of five years and are being depreciated using the double-declining-balance method, with a residual value of zero. At the end of the first year, the company still had dishes and supplies worth $1,600.

Show what the company reported for supplies, plant assets, and cash flows at the end of the first year on its

■ Income statement,

■ Balance sheet, 

■ Statement of cash flows (investing only).