Question: Problem 4: Incomplete Data: Preparation of a Balance Sheet and a Cach Flow Statement lodirect Method (20 peints) Presentad below is a purtially completed balence

Problem 4: Incomplete Data: Preparation of a Balance Sheet and a Cach Flow Statement lodirect Method (20 peints) Presentad below is a purtially completed balence sheet for Shunnon Corpontion at December 31, 2020 together with a compantive balince shest at Decernber 31,2019. Additional information is as follows: - Net income for the yeur ended December 31, 2020 was $106,000 - Dividends paid during the year ended December 31, 2020 were \$42,000. - Working capital (current assets mimas current linbilities) at December 31, 2020 was $13,000. - Long term debt increased by $1,000. - Depreciation for 2020 was $20,000. - The Company did not dispose of amy property during 2020 . 1. Complete the December 31, 2020 balance sheet. 2. Prepare the statement of cash flow for the year ended December 31,2020

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