In January 2020, suppose a Starbucks franchise in Regina purchased a building, paying \(\$ 50,000\) cash and signing a \(\$ 100,000\) note payable. The franchise paid another \(\$ 50,000\) to remodel the facility. Equipment and store fixtures cost \(\$ 50,000\); dishes and supplies-a current asset-were obtained for \(\$ 10,000\).

The franchise is depreciating the building over 25 years by the straight-line method, with estimated residual value of \(\$ 50,000\). The equipment and store fixtures will be replaced at the end of five years; these assets are being depreciated by the double-diminishing-balance method, with zero residual value. At the end of the first year, the franchise has dishes and supplies worth \(\$ 2,000\)

Show what the franchise will report for supplies, property, plant, and equipment and cash flows at the end of the first year on its:

- Income statement

- Balance sheet

- Statement of cash flows (investing section only)