B activities. PR 16-3A statement of cash flows indirect method OBJ, The comparative balance sheet of Whitman Co. December 31, 2016 and 2015 is as follows: Dec. 31, 2016 Dec. 31, 2015 Assets Cash 964,800 918,000 Accounts receivable (net). 761,940 828,900 nventories 1,268,460 1,162,980 Prepaid expenses 29,340 35,100 Land 315,900 479,700 Buildings 900,900 1,462,500 Accumulated depreciation--buildings. (408,600) (382,320) Equipment 512,280 454,680 Accumulated depreciation (141,300 (158,760) equipment Total assets $4,785,480 $4,219,020 Liabilities and Stockholders Equity Accounts payable (merchandise creditors) 922,500 958,320 270,000 Bonds payable 317,000 117,000 Common stock, $25 par 558,000 758,000 Paid-in capital: Excess of issue price over par. common stock 2,585,700 2,517,980 Retained earnings $4,785,480 $4,219,020 Total abilities and stockholders' equity current liability, and stockholders' equity accounts for 2016 The noncu are as follow ACCOUNT NO. ACCOUNT Land Balance Debit Credit Debit Credit tem Date 479,700 1 Balance Jan. Apr. 20 Realized $151,200 cash 163,800 315,900 from sale ACCOUNT NO. ACCOUNT Buildings Balance Debit Credit Debit Credit Date 900,900 Jan 1 Balance Apr. 20 Acquired for cash 1,462,500 561,600 (Continue