53. The following are accounting items taken from the records of Obama Company for 2017: $25,000 $19,000 $21,000 $ 6,000 $12,000 $48,000 $60,000 $10,000 $20,000 $9,000 $4,100 Payment of dividends Decrease in accounts payable Decrease in accounts receivable Increase in inventories Increase in salaries payable Net income Payment for purchase of land and buildings Loss on sale of patent rights Issuance of ten-year bonds payable at par Depreciation expense Bad Debt expense Proceeds from sale of patent rights Required: $27,000 Prepare the statement of cash flows for Obama Company for 2017 using the indirect method. (15 pts) 54. The balance sheet contains the major sections (a-j) listed below. A listing of balance sheet accounts (1-10) follows. (5 pts) a. Current assets b. Long-term investments Property, plant, and equipmenth. d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h. Contributed capital i. Retained earnings j Accumulated other comprehensive income 1. Unexpired insurance 2. Idle machinery 3. Unrealized gain on available-for-sale securities 4 Land 5. Fund to retire preferred stock 6. Additional paid-in capital on common stock 7. Deferred income tax payable noncurrent 8. Obligation for future pension payments 9. Trademark 10. Unearned ticket sales Required: Using the letters (a-j), indicate in which section of the balance sheet the accounts (1-10) would most likely be classified