Squirrel Tree Services reports the following amounts on December 31.

Assets			Liabilities and Stockholders Equity
Cash	$	8,900	Accounts payable	$	13,300
Supplies		3,000	Salaries payable		4,700
Prepaid insurance		4,700	Notes payable		32,000
Building		84,000	Common stock		40,000
			Retained earnings		10,600

In addition, the company reported the following cash flows.

Cash Inflows			Cash Outflows
Customers	$	84,000	Employee salaries	$	34,000
Borrow from the bank (note)		32,000	Supplies		16,000
Sale of investments		28,000	Dividends		12,500
			Purchase building		86,000

Cash at the beginning of the year.

Cash at the end of the year.

REQUIRED: Homework Chapter 2 Saved Help Save & Exit Submit Required: 1. Prepare a balance sheet. 7 SQUIRREL TREE SERVICES Balance Sheet Assets Liabilities 15 points Skipped eBook Total liabilities 0 References 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.) 7 SQUIRREL TREE SERVICES Statement of Cash Flows Cash Flows from Operating Activities 15 points Skipped 0 Net cash flows from operating activities Cash Flows from Investing Activities eBook References 0 Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities 0