There's also additional information about the one-million-dollar long-term loan company applied for to finance further plans. Please give a statement of cash flows and income statement in the answer, in case the loan is approved.

Also can you please explain what has caused the change in cash in the statement of financial position between 2019 and 2020? I'm doing an analysis.

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As at December 31 2020 2019 Assets Current Cash 2$ 35,359 $ 134,550 Marketable securities 145,780 457,206 Accounts receivable 223,450 174,930 Invontory 425,770 355,790 Prepaid expenses 17,500 19,500 847,859 1,141,976 Property, plant, and equipment, net 2,956,950 2.492,655 3,804,809 3,634,631 Liabilities and shareholders' equity Current Accounts payable 294.305 95,700 Accrued and other liabilities 237,595 244,760 Current portion of lang-term debt 375,900 345,900 907,800 686,360 Long-term debt 1,280,330 1,601,500 Common shares (50,000 outstanding) Retained earnings 595,817 595,817 1,020,862 750,953 1,616,679 1,346,771 $3,804,809 $3,634,631 As at December 31 2020 2019 Assets Current Cash 2$ 35,359 $ 134,550 Marketable securities 145,780 457,206 Accounts receivable 223,450 174,930 Invontory 425,770 355,790 Prepaid expenses 17,500 19,500 847,859 1,141,976 Property, plant, and equipment, net 2,956,950 2.492,655 3,804,809 3,634,631 Liabilities and shareholders' equity Current Accounts payable 294.305 95,700 Accrued and other liabilities 237,595 244,760 Current portion of lang-term debt 375,900 345,900 907,800 686,360 Long-term debt 1,280,330 1,601,500 Common shares (50,000 outstanding) Retained earnings 595,817 595,817 1,020,862 750,953 1,616,679 1,346,771 $3,804,809 $3,634,631

Answer rating: 100% (QA)

There is difference of 1 in 2019 liabilities and equity total other than that rest all are matched S... View the full answer