Part Two: Problem-solving Question one:(10 marks) Fill the missing values in the table below: Show your work! Cash Account Receivables Inventories Total current assets Gross fixed assets Less: Accumulated Depreciation Net Fixed Assets Total Assets Accounts payable Accruals Total current liabilities Long-term debts Total liabilities Common stock $1 par, 10,000 shares issued and outstanding Additional paid in excess of par Retained earnings Total stockholders' equity Total liabilities and equity Additional Information: Magna Fax Corporation sold the common stocks at $3 per share. Balance Sheet Magna Fax Corporation December 31, 2021 $3,000 $2,500 $5,500 $70,000 $5,000 $6,500 $25,000 $50,000 Question Three: (12 marks) December December 2020 2021 Net Income $2,000 $4,000 750 1,250 Accounts receivable Accumulated depreciation Common stock at par 1,000 1,400 4,500 5500 Additional paid-in excess of par 7,500 8500 Retained earnings 1,500 3,500 Accounts payable 750 950 Based on the information above: 1) Prepare a statement of cash flows for 2021. Assume that there were no changes in any other asset or liability accounts and that the ending cash balance for 2020 was $100. 2) Calculate the ending cash balance for the year 2021. Marlett Company Financial Information Tummy no