Complete the following problem and submit to your instructor for marking. This assignment counts towards the final grade in this course. Red Green Company Comparative Balance Sheet December 31, 2023 \begin{tabular}{|c|c|c|} \hline Current Assets & 2023 & 2022 \\ \hline Cash & $25,000 & $15,000 \\ \hline Temporary Cash Investments & $20,000 & $40,000 \\ \hline Inventory & $15,000 & $50,000 \\ \hline Office and Sales Supplies on Hand & $200 & $200 \\ \hline Pre-paid Rent & $2,000 & $2,000 \\ \hline Pre-paid Insurance & $400 & $400 \\ \hline Total Current Assets & $62,600 & $107,600 \\ \hline \multicolumn{3}{|l|}{ Property, Plant and Equipment } \\ \hline \begin{tabular}{l} Manufacturing Equipment \\ less Accumulated Depreciation \end{tabular} & \begin{tabular}{l} $300,000 \\ ($95,000) \end{tabular} & \begin{tabular}{l} $240,000 \\ ($75,000) \end{tabular} \\ \hline Net Manufacturing Equipment & $205,000 & $165,000 \\ \hline \multirow[t]{2}{*}{ Total Assets } & $267,600 & $272,600 \\ \hline & 209 & 208 \\ \hline \multicolumn{3}{|l|}{ Current Liabilities } \\ \hline Accounts Payable & $10,000 & $6,000 \\ \hline Sales Commissions Payable & $0 & $1,000 \\ \hline Taxes Payable & $5,000 & $32,700 \\ \hline Dividends Payable & $500 & $500 \\ \hline & $2,000 & $2,000 \\ \hline Total Current Liabilities & $17,500 & $42,200 \\ \hline \multirow{2}{*}{\begin{tabular}{l} Bank Loan payable \\ Total Long Term Liabilities \end{tabular}} & $85,000 & $90,000 \\ \hline & $85,000 & $90,000 \\ \hline Total Liabilities & $102,500 & $132,200 \\ \hline \multicolumn{3}{|l|}{ Shareholders' Equity } \\ \hline Common Shares & $100,000 & $70,000 \\ \hline Retained Earnings & $65,100 & $70,400 \\ \hline Total Shareholder Equity & $165,100 & $140,400 \\ \hline Total Liabilities and Shareholders Equity & $267,600 & $272,600 \\ \hline \end{tabular} The company purchased new equipment for cash; there were no equipment disposals. Prepare a cash flow statement for the year ended December 31, 2023