Question: typing please Selected financial statement information and additional data for Diablo Enterprises Go-Kart Corporation is presented below Diablo Enterprises Go-Kart Corporation Balance Sheet and Income

typing please
Selected financial statement information and additional data for Diablo Enterprises Go-Kart Corporation is presented below Diablo Enterprises Go-Kart Corporation Balance Sheet and Income Statement Data December 31, December 31 2020 2019 Current Assets Cash $ 193,000 $115,000 Accounts Receivable 218,000 316,000 Inventory 371.000 334 000 Total Current Assets 782000 765.000 Property, Plant, and Equipment Less Accumulated Depreciation 1241,000 (476 000) 765.000 $1.547.000 1,122 000 (442000) 680,000 $1.445.000 Total Assets Current Liabilities Accounts Payable Notes Payable Income Taxes Payable Total Current Liabilities $187,000 51,000 85000 323,000 $102,000 68,000 76 500 246,500 Bonds Payable Total Liabilities 340.000 663.000 391.000 637 500 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 510,000 374.000 884.000 $1547 000 467 500 340.000 807.500 $1.445.000 Sales Revenue $1.615,000 $1,513,000 Less Cost of Goods Sold (751.000) (731.000) Gross Profit 864,000 782,000 Expenses: Depreciation Expense 153,000 116,000 Salaries and Wages Expense 401,000 377,000 Interest Expense 24.000 34,000 Loss on Sale of Equipment 12000 0 Income Before Taxes 274,000 255.000 Less Income Tax Expense 110,000 102.000 Net Income $164.000 $153 000 Additional Information: During the year, the company sold equipment with an original cost of $147,000 and accumulated depreciation of $119,000. They purchased new equipment for $266,000. Required: Prepare a statement of cash flows for the year ending December 31, 2020
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