CHAPTER 16 CASH FLOW STATEMENT Prob. 5 The comparative balance sheet of Barry Company for December 31, 2020 and 2019, is shown Dec. 31, 2019 Dec. 31, 2020 ASSETS s 42,500 $ 72,000 61,000 121,000 70,200 105,000 100,000 425,000 (175,000) Accounts receivable (net) 515,000 (153,000) Accumulated depreciation-equipment $ 567,700 616,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Bonds Payable, due 2016 Common Stock, $20 par $59,750 47,250 75,000 325,000 25,000 95,450 375,000 50,000 131,250 Paid in capital in excess of par Common Stock Retained Earnings 616,000 $567,700 The following additional information was taken from the records: a Net Income $75,800 Depreciation reported on income statement $38,000 Fully depreciated equipment costing $60 00 was scrapped, no salvage, and equipment was purchased for $150,000 d. Bonds payable for $75,000 were retired by payment at their face amount. e. 2,500 shares of common stock were issued at $30 for cash. f Cash dividends declared and paid, $40,000 g. Investments of $100,000 were sold for $125,000 Prepare a cash flow statement using the Indirect Method