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Sweet Inc., a greeting card company, had the following statements prepared as of December 31, 2020. SWEET INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $6,000 $7,000 Accounts receivable 61,700 51,200 Short-term debt investments (available-for-sale) 34,900 18,000 39,700 60,400 Inventory Prepaid rent 4,900 4,000 Equipment 155,500 128,900 Accumulated depreciation-equipment (35,100) (25,000) Copyrights 46,500 50,400 Total assets $314,100 $294,900 Accounts payable $45,600 $39,800 Income taxes payable 4,000 6,000 8,000 4,000 Salaries and wages payable Short-term loans payable 8,000 9,900 Long-term loans payable 59,700 68,600 Common stock, $10 par 100,000 100,000 30,000 30,000 Contributed capital, common stock Retained earnings 58,800 36,600 Total liabilities & stockholders' equity $314,100 $294,900 Statement of Cash Flows (Indirect Method) $ Cash at Beginning of Period A Cash at End of Period $ Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Noncash Investing and Financing Activities V SWEET INC. Statement of Cash Flows $ LA Adjustments to reconcile net income to $ > $ > > > . > > . A $ > > > . > > . A

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