Condensed financial data of Biber Company appear below.

Additional information:
1. New plant assets costing $92,000 were purchased for cash during the year.
2. Investments were sold at cost.
3. Plant assets costing $47,000 were sold for $15,550, resulting in gain of $8,750.
4. A cash dividend of $83,400 was declared and paid during the year.

Instructions
Prepare a worksheet for the statement of cash flows using the indirect method. Enter the reconciling items directly in the worksheet columns, using letters to cross-reference eachentry.

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BIBER COMPANY Comparative Balance Sheets December 31 2011 2010 Assets Cash Accounts receivable Inventories Investments Plant assets Accumulated depreciation $92,700 47,250 57,000 102,650 87,000 205,000 49,500 40,000) $590,400 $458,900 90,800 121,900 84,500 250,000 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payabl Bonds payable Common stock Retained earnings 57,700 48,280 18,830 70,000 200,000 121,790 $590,400 $458,900 12,100 100,000 250,000 170,600 BIBER COMPANY Income Statement For the Year Ended December 31, 2011 Sales Gain on sale of plant assets $297,500 8,750 306,250 Less: Cost of goods sold Operating expenses (excluding $99,460 depreciation expense) Depreciation expense Income taxes Interest expense 14,670 49,700 7,270 2,940 174,040 $132,210 Net income