Chapter 16: Cash Flow Statement Homework Assignment The comparative partial balance sheets of Barry Company, for Years 1 and 2 ended December 31, appear below in condensed form. Assets Cash Accounts Receivable (net) Inventories Investments Equipment Year 2 Year 1 $72,000 $42,500 61,000 70,200 121,000 105,000 100,000 575,000 425,000 Liabilities and Equity Accounts Payable $ 59,750 $ 47,250 Bond Payable 75,000 Common Stock, $30 par 400,000 325,000 Additional data for the current year are as follows: Depreciation reported on income statement, $38,000. Equipment was purchased for $150,000. (a) Net income, $75,800. (b) (c) (d) (e) (f) (g) Bond Payable for $75,000 were paid off by cash payment at their face amount. 2,500 shares of common stock were issued for $30 cash. Cash dividends declared and paid, $40,000. Investments of $100,000 were sold for $125,000 (That means gain of $25,000) P.S: The above comparative balance sheets were adjusted for the purpose of this assignment and they are not complete-thorough balance sheets. Required: Prepare a statement of cash flows using the indirect method using the table below. Please your answer in the numbered spaces (write in the appropriate name/description of each item and the corresponding dollar value for each item). The first two are given as exampels: