CHAPTER 16 Cash Flow Statement Prob. 4. The comparative balance sheet of Air Glide Athletic Apparel Co Enterprises, for December 31,2024 and 2023 is as follows: The following additional information was taken from the records: a. Net income, $81,300. b. Depreciation reported on the income statement $26,100. c. Equipment was purchased at a cost of $50,900, and fully depreciated equipment Costing $14,000 was discarded with no salvage realired d. The mortgage note payable was not due until 2020 , but the terms permitted earlier payment without penaity. e. 5,000 shares of common stock were issued at $17 for cash. f. Cash dividends declared and paid $48,000