Problem 14-1A Page Layout Formulas Data Review View not epore The Spre worK for the Jear erde Delvember 3), 2u Statement of Cash Flows Chapter 14 081 2015, is sho and Problems: Series A PR 14-1A Statement of cash flows-indirect method Dec. 31, 2016 Dec. 31,2015 The comparative balance sheet of Cromme Inc. for December 31, 2016 ash flow from ng activities, $ 625,760 .. 227,840 641,760 as follows: $ 585,920 Assets 208,960 617,120 240,000 Cash .. Accounts receivable (net) Inventories Investments Land 0 328,000 705,120 553,120 148,000) $2,057,120 (166,400) $2,362,080 424,480 $ 404,960 Total assets... Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) 42,240 24,000 52,640 19,200 100,000 280,000 1,200,320 $2,057,120 Additional data obtained from an examination of the accounts in the ledger are as follows: fon a. The investments were sold for $280,000 cash. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year d. The common stock was issued for cash. e. There was a $199,540 credit to Retained Earnings for net income. f. There was a $96,000 debit to Retained Earminga for cash dividends declared