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5. (15 points) Thunder Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents $
5. (15 points) Thunder Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents $ 28 31 Accounts receivable 60 65 Inventory 41 42 Property, plant, and equipment 454 380 Less accumulated depreciation 206 172 Total assets 377 346 Liabilities and stockholders' equity: Accounts payable 43 $ 45 Bonds payable 190 260 Common stock 41 40 Retained earnings 103 Total liabilities and stockholders' cquity 3775 346 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes Net income $ 874 533 341 161 180 54 S 126 The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $24. Required: Prepare a statement of cash flows using the indirect method
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