VI. 20 points Sharp Company Comparative Balance Sheet December 31 20x2 20x1

20x2 20x1

Cash $ 54,000 $ 36,000

Accounts receivable, net 53,000 57,000

Inventory 161,000 123,000

Land 180,000 285,000

Building 300,000 300,000

Accumulated depreciationbuilding (75,000) (60,000)

Equipment 1,565,000 900,000

Accumulated depreciationequipment (177,000) (141,000)

$2,061,000 $1,500,000

Accounts payable $ 202,000 $ 150,000

Bonds payable 450,000 -0-

Capital stock, $10 par 1,250,000 1,250,000

Retained earnings 159,000 100,000

$2,061,000 $1,500,000

Additional Data:

1. Net income for the year, $109,000.

2. Depreciation expense for the year, $141,000

2. Cash dividends paid during the year, $50,000.

3. Sharp sold Land for $120,000, including a $15,000 gain.

find using indirect method

Cash Flows From Operating Activities:

Current Assets & Current Liabilities:

Cash Flows From Investing Activities:

Cash Flows from Financing Activities: