Maple Group Ltd
Comparative Balance Sheet
December 31, 2020 and 2019
	2020	2019	Increase/(Decrease)
Assets
Cash and cash equivalent	64,990	61,895	?
Accounts Receivable	95,100	88,500	?
Inventories	72,500	79,855	?
Fixed Assets, net	?	?	?
Total Assets	442,590	395,800	46,790
Liabilities
Accounts payable	45,000	58,350	?
Accrued liabilities	?	?	?
Long-term notes payable	99,500	128,550	?
Stockholders' Equity:
Common Stock	143,050	105,110	37,940
Retained earnings	43,540	24,290	19,250
Total liabilities and stockholders' equity	442,590	395,800	46,790

Maple Group Ltd
Income Statement
Year Ended December 31,2020
Revenues and gains:
Sales revenue	499,000
Interest revenue	11,800
Total revenues and gains		510,800
Expenses
Cost of goods sold	205,500
Depreciation expense	28,500
Other operating expense	126,000
Interest expense	24,300
Total expenses		384,300
Income before income taxes		126,500
Income tax expense		16,300
Net Income		110,200

3. Prepare a complete statement of cash flows for 2020 using the indirect method using the information in line with your first name initial.