=+PR 16-3B Statement of cash flows—indirect method obj. 2

✔ Net cash flow from operating activities, $7,800 Liabilities and Stockholders’ Equity Accounts payable (merchandise creditors) . . . . . . . . $ 99,000 $105,200 Income tax payable . . . . . . . . . . . . . . . . . . . . . . . . 4,400 3,600 Bonds payable . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,000 0 Common stock, $1 par. . . . . . . . . . . . . . . . . . . . . . 36,000 30,000 Paid-in capital in excess of par—common stock . . . . 195,000 135,000 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . 451,000 429,100 ________ _________

$840,400 $702,900 ________ ________ _________ _________