Bear Tree Services reports the following amounts on December $31,2024.$

Assets Liabilities and Stockholders$$ Equity

Cash $ $9,500$ Accounts payable $ $15,100$

Supplies $3,600$ Salaries payable $5,300$

Prepaid insurance $5,300$ Notes payable $38,000$

Building $90,000$ Common stock $40,000$

Retained earnings $10,000$

In addition, the company reported the following cash flows.

Cash Inflows Cash Outflows

Customers $ $96,000$ Employee salaries $ $40,000$

Borrow from the bank $($note$)38,000$ Supplies $18,400$

Sale of investments $13,600$ Dividends $15,500$

Purchase building $76,400$

Required:

Prepare a balance sheet.

Prepare a statement of cash flows.