The following comparative balance sheet is given for Estern Co.. Assets Cash Notes Receivable Dec 31, 2021 Dec 31 2020 $117,000 $19,500 Supplies & Inventory Prepaid expense 24.000 21,000 27,000 40.500 10,500 18,000 Long-term investments 0 27,000 Machines and tools 55.500 48,000 Accumulated depreciation-equipment (21,000) (15,000) Total Assets $213,000 $159,000 Liabilities & Stockholders' Equity Accounts payable $ 25,500 $10.500 Bonds payable (long-term) 55,500 70.500 60,000 34.500 Common Stock 72,000 43.500 Retained Earnings Total Liabilities & Stockholders' $213,000 $159,000 Equity Question 3 of 16 11 points Saved L B D Income Statement Information (2021): 1. Net income for the year ending December 31, 2021 is $43,500. 2. Depreciation expense is $6,000. 3. There is a loss of $3,000 resulted from the sale of long-term investment. Additional information (2021): 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of $27,000, yielding a $3,000 loss. 3. Cash dividends paid is $15,000. 4. The company purchased new machines and tools for $7,500 cash. D uired: ating) and the SECOND (Investing) sections of the statement of cash flows for the year ended December 31, 2021 COUNT/ITEM IN A SEPARATE LINE) 0