PROBLEM 13-14 Prepare a Statement of Cash Flows (Indirect Method) Comparative financial statements for Shores Inc. follow: (LO2,LO3) SHORES INC. Comparative Balance Sheet December 31, Year 2 and Year I Year 2 Year I Assets Cash Accounts receivable. $ 18 233 168 355 120 12 612 (97) 475 Less accumulated depreciation 17 Total assets. $1,027 $833 Liabilities and Stockholder's Equity $225 74 174 36 254 70 321 62 . . Accrued liabilities. Bonds payable Deferred income taxes Common stock . Retained earni 288 .. 205 .. 106 $833 Total liabilities and stockholders' equity.3 SHORES INC Income Statement For the Year Ended December 31, Year 2 Sales Less cost of goods sold Gross margin .. 215 s operating expenses