O ER TY G Cond Command option 1. Net income was $27,900. Dividends declared and paid were $22,500. 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $5,900. Loss on sale of land $ 2100. (Clue treat 2100 same as depreciation expense in operating cash flow). Instruction (a) Prepare a statement of cash flows for 2018 using the indirect method Met Income $ 27,900 Question 2 Panner Corporation's comparative balance sheets are presented below. PLANNER CORPORATION Comparative Balance Sheets December 31 2012 Cash 2011 $ 21,570 5 10,700 Accounts receivable 21.400 Land 18,200 18,000 70,000 26.000 Building 70 DOO Accumulated depreciation Total 115.000 SL2. $ 12,370 110.000) $120.10 $31,100 Accounts payable Common stock 75,000 69,000 Retained earnings 25.400 20.000 Total $112.770 5120,100 Additional information