Eagle Tree Services reports the following amounts on December 31, 2024. Assets: Cash Supplies Prepaid insurance Building

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Eagle Tree Services Reports The Following Amounts On December 31 2024 Assets Cash Supplies Prepaid Insurance Building 1 (26.22 KiB) Viewed 11 times

Eagle Tree Services reports the following amounts on December 31, 2024. Assets: Cash Supplies Prepaid insurance Building $9,700 3,800 5,500 92,000 $100,000 40,000 38,000 Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. Liabilities and Stockholders' Equity In addition, the company reported the following cash flows. Cash Inflows Customers Borrow from the bank (note) Sale of investments Accounts payable Salaries payable. Notes payable Common stock Retained earnings Cash Outflows Employee salaries Supplies Dividends Purchase building $42,000 24,000. 16,500 102,000 $15,700 5,500 40,000 40,000 9,800