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Taser Corporation's recent comparative balance sheet and income statement follow. Balance Sheets, December 31 Assets 2019 2020 Cash and cash equivalents $54,600 $89.320 Accounts receivable (net) 95.200 95,200 Merchandise inventory Investments, long-term Plant assets 218.400 238.000 28.000 471,800 505,400 Accumulated depreciation (123,200) (95,200) Total assets $716,800 $860,720 Liabilities and Stockholders' Equity Accounts payable $58.800 $53,200 Salaries payable 4.200 1,400 Income taxes payable 5,600 9.800 Bonds payable 280,000 280,000 Premium on bonds payable 11,200 10,360 Common stock, no-par Retained earnings 336,000 435.400 21,000 70.560 Total liabilities andstockholders' equity $716,800 $860,720 Income Statement, For Year Ended December 31 2020 Sales revenue $336,000 Cost of goods sold (134,400) Depreciation expense (16.800) Salaries expense (61.600) Income tax expense (28,000) Interest expense (19,600) Other expenses (6,440) Gain on sale of plant assets 8,400 Net income $77.560 Additional information 1. Purchased a plant asset, $84,000; issued capital stock in full payment. 2. Purchased a long-term investment in equity securities accounted for cash, $28,000. 3. Declared and paid a cash dividend, $28,000. 4. Sold plant asset for $14,000 cash (cost, $50,400; accumulated depreciation, $44,800). 5. Sold capital stock, 1,400 shares at $11 per share cash. a. Prepare a cash flow worksheet. Comparative Balance Sheets 2019 Cash and cash equivalents Accounts receivable Dr. $54,600 $ 95,200 05 Cr. 0 2020 0 $ 0 0 0 Merchandise inventory 218,400 0 O Investments, long-term 0 0 0 0 Plant assets 471,800 0 0 0 Accumulated depreciation (123,200) 0 0 0 Total assets $716,800 $ 0 Accounts payable $58,800 0 05 Salaries payable 4,200 0 0 Income taxes payable 5,600 0 0 Bonds payable 280,000 Premium on bonds payable 11,200 Common stock, no par 336,000 21,000 0000 O O 0 0 0 0 0 S OOOOOOOO 0 0 Retained earnings Total liabilities and stockholders' equity $716,800 Cash Flows from Operating Activities Net income Depreciation expense Gain on sale of fixed assets Increase in inventory Decrease in accounts payable Decrease in salaries payable Increase in income taxes payable Cash Flows from Investing Activities Purchase of long-term investments Cash Flows from Financing Activities Issuance of stock : Net cash and cash equivalents increase Total 00 0 0 0 O 0 0 0 0 0 0 0 0 OOOO 0 0 0 0 OOOO 0 0 0 05 0 0 0 b. Prepare a reconciliation of the total of the three sections of net cash flows from operating, investing, and financing activities to the change in cash and prepare the noncash disclosure note. Cash Flow Reconciliation Net cash provided (used) by operating activities $ Net cash provided (used) by investing activities Net cash provided (used) by financing activities Net change in cash and cash equivalents Cash and cash equivalents, January 1, 2020 Cash and cash equivalents. December 31, 2020 S Noncash Transaction Amount S Amount 0 0 0 0 0

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