Assets Cash Accounts receivable Inventory Prepaid expenses Investments Plant assets Accumulated depreciation Total 2012 S 90.800 92.800 112.500 28.400 138.000 270,000 (50.000) 5682.500 2011 S +8.400 33. 00 102.850 26. 01 114.00) 242.500 (52.000) 5514.750 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds pavable Common stock Retained earnings Total S112.00 16.500 110.000 -20.000 224.000 S682.500 S 67.300 17.00) 150.000 175. 105.150 55147511 5392.780 SINJH INC. Income Statement For the Year Ended December 31, 2012 Sales Less: Cost of goods sold S135.460 Operating expenses, excluding depreciation 12.410 Depreciation expense 46,500 Income taxes 27.280 Interest expense 4.730 Loss on sale of plant assets 7.500 Net income 233.NO S158.900 Additional information: 1. New plant assets costing S85.000 were purchased for cash during the vear - Old plant assets having an original cost of $57.500 were sold for $1.500 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of $40.350) was declared and paid during the year. Instructions Prepare a statement of cash flows using the indirect method. A Data for Sinjh Inc. are presented in P17-9A. Further analysis reveals that acc. payable pertain to merchandise creditors Instructions Prepare a statement of cash flows for Sinih Inc, using the direct method