Squirrel Tree Services reports the following amounts on December 31, 2021.

In addition, the company reported the following cash flows.

Required:1. Prepare a balance sheet.2. Prepare a statement of cash flows.

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Liabilities and Stockholders' Equity Accounts payable Salaries payable Notes payable Common stock Retained earnings Assets $ 9,700 3,500 Cash Supplies Prepaid insurance Building $ 7,700 1,800 3,500 20,000 72,000 11,800 Cash Inflows Customers Borrow from the bank (note) Sale of investments Cash Outflows Employee salaries Supplies Dividends Purchase building $60,000 $22,000 4,000 20,000 10,000 6,500 62,000