21A-1. From the following income statement (Figure 21.12 ), balance sheet (Figure 21.13 O). and additional data for Salmon Company, prepare a statement of cash flows using the indirect method Figure 21.12 Income Statement for Salmon SALMON COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2018 $ 96 60 000 68 90 000 Cost of Goods Sold Grass Profit $ 27 70 000 S7 70 000 7 30 000 Operating Expenses: Rent Expense Depreciation Expense Salary Expense Miscellaneous Expense Total Operating Expenses Net Income 6 80 000 3 3 5000 25 1 5 000 $ 2 5 5 000 Figure 21.13 Balance Sheet for Salmon SALMON COMPANY BALANCE SHEET DECEMBER 21, 2018 Assets 2018 2017 Current Assets: $313100 00 Cash Accounts Receivable. Net Merchandise Inventory Prepald Rent Total Current Assets 519 0 0.00 26 5 000 8 5 000 $ 1270 000 S 250 000 500 000 180 000 135000 S 10 6 50 00 Plant and Equipment: Store Equipment kacum. Dep. Store Equipment Total Plant and Equipment Total Assets $ 50 510 000 (5 000 00) $ 57 20 000 (12 3 00 00) $ 4490 000 S 57 60 000 S 45 50 000 S 56 15 000 Llabilities $ 690 000 Current Liabilities Notes Payable-Short Term Accounts Payable Total Current Liabilities 4/35 000 $ 11 2 5 000 s 5 60000 475 000 $ 10 3 5 000 Long-Term Liabilities: Bonds Payable Total Liabilities $ 90 0 0 00 $ 200 00 00 S 30 35 000 $ 2012 5 000 Stockholders' Equity Common Stock 51 par Retained Earnings Total Stockholders Equity Total Liabilitles and Stockholders Equity 5 30 8 oooo 65 sloloo 5 37 350 00 $ 19 80 000 6 0 0 000 $ 25 800 00 $ 56 15000 S 5716 00 00 Additional Data 1. All Plant and Equipment were purchased with cash. 2. Sold additional 5,500 shares of stock for cash at par. 3. A$2,000 dividend was declared and paid. 4. Short-term notes used to finance inventory