1. Preparation of a Statement of Cash Flows) ration is presented below. A comparative balance sheet for Shabbona Corp Assets C Accounts relate Inventories Land Equipment Accumulated depreciation equipment Total December 31 2003 $ 700 $ 22,000 32,000 66.000 180 000 199 DOD 71.000 110.000 260,000 200,000 (09.000) (42000) 550 $545.000 0 Libilities and Stockholders' Equity Accounts payable Bonde paynble Common stock (51 par) Retained earnings Total $ 34,000 150,000 214,000 190.000 $507.000 $ 47,000 200,000 164,000 13,000 3545,000 Additional information: 1 Net income for 2004 was $125,000 2 Cash dividends of $60,000 were declared and paid. 3. Bonds payable amounting to 550,000 were retired through issuance of common stock. Magnum Supply uses a periodic inventory system. Magnum sold 30 globes during March Other data for March includes: Mar. 1 Balance 20 @ $12 11 Purchased 10 @ 11 25 Purchased 10 @ 10 Ending inventory under the weighted-average method is: a) $112.50 b) $115.50 c) $110.00. d) $120.00