Squirrel Tree Services reports the following amounts on December 31. Assets Cash Supplies Prepaid insurance Building Liabilities and Stockholders' Equity $ 9,400 Accounts payable $ 14,800 3,500 Salaries payable 5,200 5,200 Notes payable 37,000 89,000 Common stock 40,000 Retained earnings 10,100 In addition, the company reported the following cash flows. Cash Inflows Customers Borrow from the bank (note) Sale of investments Cash Outflows $94.000 Employee salaries 37,000 Supplies 35,400 Dividends Purchase building $39,000 21,000 15,000 96,000 Required: 1. Prepare a balance sheet. SQUIRREL TREE SERVICES Balance Sheet Liabilities Required: 1. Prepare a balance sheet. SQUIRREL TREE SERVICES Balance Sheet Assets Liabilities Total liabilities Stockholders' Equity Total assets Total stockholders' equity Total liabilities and stockholders' equity 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 Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the year Cash at the end of the year