PR 13-3B Statement of cash flows-indirect method Obj. 2,3,4,5 The comparative balance sheet of Coulson, Inc, at December 31,20Y2 and 20Y1, is as follows: The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: ACCOUNT Equipment ACCOUNT NO. \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & & & & & \\ \hline & & Item & Debit & Credit & Debit & Credit \\ \hline 200 & & & & & & \\ \hline Jan & 1 & Balance & & & 529,800 & \\ \hline & 26 & Discarded, no salvage & & 66,000 & 463,800 & \\ \hline Aug. & 11 & Purchased for cash & 196,800 & & 660,600 & \\ \hline \end{tabular} ACCoUNT Accumulated Depreciation-Equipment ACCOUNT NO. \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & & & & & \\ \hline & & Item & Debit & Credit & Debit & Credit \\ \hlinemn2 & & & & & & \\ \hline Jan. & 1 & Balance & & & & 162,000 \\ \hline & 26 & Equipment discarded & 56,000 & & & 96,000 \\ \hline Dec. & 31 & Depreciation for year & & 37,200 & & 133,200 \\ \hline \end{tabular} ACCOUNT Bonds Payable ACCOUNT NO, \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\multicolumn{2}{|c|}{ Date }} & \multirow[b]{2}{*}{ Item } & \multirow[b]{2}{*}{ Debit } & \multirow[b]{2}{*}{ Gredit } & \multicolumn{2}{|c|}{ Balance } \\ \hline & & & & & Debit & Credit \\ \hline \begin{tabular}{l} 2m2 \\ May \end{tabular} & 1 & Issued 20 -year bonds: & & 330,000 & & 330,000 \\ \hline \end{tabular} ACCOUNT Cornmon Stock, 520 par ACCOUNT NO. ACCOUNr Paid-in Capital in Excess of Par-Cormmon Stock ACCOUNT NO. ACCOUNT Retained Earnings Accounr no. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\multicolumn{2}{|c|}{ Date }} & \multirow[b]{2}{*}{ Item } & \multirow[b]{2}{*}{ Debit } & \multirow[b]{2}{*}{ Credin } & \multicolumn{2}{|c|}{ Balance } \\ \hline & & & & & Debirt & Credit \\ \hline \begin{tabular}{l} man: \\ Dani. \\ Dec: \end{tabular} & \begin{tabular}{l} 1 \\ 31 \end{tabular} & \begin{tabular}{l} Aalance \\ Net income \\ Caih dividends \end{tabular} & 72,200 & 326,600 & & \begin{tabular}{l} 2,574,600 \\ 2,901,200 \\ 2,1122,000 \end{tabular} \\ \hline \end{tabular} Instructions Prepare a satement of cash fows, using the indirect method of presenting cash fows from eperating activities