CAPTER 16 Flow Statement Prob 4 The comparative balance sheet of Air Glide Athletic Apparel Co Enterprises. for December 31, 2020 and 2019 is as follows Dec. 31, 2019 Dec. 31, 2020 $56,200 75,600 93,500 3,000 167,800 (41,300) 45,800 70,200 100,500 4,200- 204,700 ( 53,400) Accounts Recelvable (Net) Prepaid Expenses Accumulated Depreclation-Equip. $ 354,800 $ 372,000 Llabilities and Stockholders' Equity 78,200 S 74,300 105,000 10,000 100,000 65,500 Accounts Payable (merchandise creditors) Mortgage note payable Common Stock, $1 par Paid-in capital in excess of par-comm.stock Retained earnings 15,000 180,000 98,800 372,000 354,800 The following additional information was taken from the records: a. Net income,$81,300 b. Depreciation reported on the income statement $26,100 Equipment was purchased at a cost of $50,900, and fully depreciated equipment c. Costing $14,000 was discarded with no salvage realized d. The mortgage note payable was not due until 2019, but the terms permitted earlier payment without penalty.. e. 5,000 shares of common stock were issued at $17 for cash. f. Cash dividends declared and paid $48,000 Instructions- Prepare a statement of cash flows, using the indirect method