Cash $47,460 $58,340 Accounts receivable (net) 72,920 78,650 Inventories 104,190 97,480 Prepaid expenses 4,240 2,950 Equipment 212,210 174,660 Accumulated depreciation-equipment (55,180) (42,830) Total assets $385,840 $369,250 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $81,030. $77,170 Mortgage note payable 0 110,780 Common stock, $1 par 13,000 8,000 Paid-in capital in excess of par-common Itock 179,000 104,000 Retained earnings 112,810 69,300 Total liabilities and stockholders' equity $385,840 $369,250 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net income, $111,390. b. Depreciation reported on the income statement, $26,850. c. Equipment was purchased at a cost of $52,050 and fully depreciated equipment costing $14,500 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 5,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $67,880. Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 20Y8 Cash balance. December 31, 20Y8 000000000 QO