Squirrel Tree Services reports the following amounts on December 31. Assets Cash Supplies Prepaid insurance Building Liabilities and Stockholders' Equity $ 9,500 Accounts payable $ 15,100 3,600 Salaries payable 5,300 5,300 Notes payable 38,000 90,000 40,000 Common stock Retained earnings 10,000 In addition, the company reported the following cash flows. Cash Inflows Customers Borrow from the bank (note) Sale of investments Cash Outflows $96,000 Employee salaries 38,000 Supplies 35,800 Dividends Purchase building $40,000 22,000 15,500 98,000 Required: 1. Prepare a balance sheet. SQUIRREL TREE SERVICES Balance Sheet Assets Liabilities Total liabilities 0 Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity Total assets 0 $ 0 2. Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) SQUIRREL TREE SERVICES Statement of Cash Flows Cash Flows from Operating Activities 0 Net cash flows from operating activities Cash Flows from Investing Activities 0 Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities 0 Cash at the beginning of the year Cash at the end of the year