are statement of cash flows (indirect method) using balance sheet Following are comparative balance sheets for Millco, Inc., at January 31 and Lo 1 Prep February 28, 2017: MILLCO, INC Balance Sheets February 28 and January 31, 2017 February 28 January 31 Assets Cash. $126.000 $111,000 159,000 282,000 ....$561,000 $552,000 Plant and equipment: Production equipment... 456,000 (63,000) $945,000 498,000 ....(T2,000) Total assets. . . Liabilities Accounts payable. Short-term debt . $987,000 $111,000 $123,000 132,000 72,000 $306,000 $327,000 138,000 $405,000 $465,000 ...132,000 63,000 99,000 Stockholders' Equity Common stock, no par value, 80,000 shares authorized, 60,000 and 56,000 shares issued, respectively Retained earnings: $312.000 $288.000 nnin $192,000 $129,000 87,000 (24,000) 108,000 (30,000) $270,000 $192,000 $582,000 $480,000 $987,000 $45,000 Ending balance .. Total stockholders' equity