Complete balance sheet and prepare a statement of changes in retained earnings LO 10, 11 Following is a statement of cash flows (indirect method) for Hartford Inc. for the year ended December 31, 2020. Also shown is a partially completed comparative balance sheet as of December 31, 2020 and 2019:

$ 54,000 270,000 138,000 (42,000) 72,000 (36,000) $ 456,000 HARTFORD INC. Statement of Cash Flowe For the year Ended December 31, 2020 Cash Flows from Operating Activities: Net income Add (deduct) items not affecting cash: Depreciation expense Decrease in accounts receivable Increase in Inventory Increase in notes payable Decrease in accounts payable Net cash provided by operating activities Cash Flows from Investing Activities: Purchase of equipment Purchase of buildings Net cash used by investing activities Cash Flows from Financing Activities: Proceeds from short-term debt Cash used for retirement of long-term debt Proceeds from issuance of common stock Payment of cash dividends on common stock Net cash used by financing activities Net decrease in cash for the year $(300,000) (209,000) $588,000) $ 30,000 (150,000) 60,000 (18,000) $ (78,000) $1210,000) Required: a. Complete the December 31, 2020 and 2019 balance sheets. b. Complete the statement of changes in retained earnings for the year ended December 31, 2020. Required A Required Complete the December 31, 2020 and 2019 balance sheets. Required A Required B 2019 Complete the statement of changes in retained earnings for the year ended December 31, 2020. should be indicated by a minus sign.) $ 528,000 438.000 HARTFORD INC. Statement of Changes in Retained Earnings For the Year Ended December 31, 2020 Retained earnings, January 1, 2020 Add: Nat income for the year Less: Cash dividends for the year 240,000 (738,000) HARTFORD INC. Comparative Balance Sheets At December 31, 2020 and 2019 2020 Assets: Current assets: Cash Accounts receivable Inventory 336,000 Total current assets Land Buildings and equipment 1,560,000 Less: Accumulated depreciation Total land, buildings and equipment Total ansats Liabilities: Current liabilities: Accounts payable Short-term debt 192,000 Notes payable Total current liabilities Long term debit $ 510,000 Stockholders' Equity: Common stock 3 240,000 Retained earning Total stockholders' equity Total liabilities and stockholders' equity Retained earnings, December 31, 2020 S 0 $ 174,000 216,000