Comparative Balance Sheet Shiner Corporation Assets Dec 31, 1996 Dec 31, 1995 Cash $37,000 $49,000 Accounts Receivable $26,000 $36,000 Prepaid Expenses $6,000 Land $70,000 Building $200,000 Accumulated $11,000 $189,000 Depreciation Equipment $68,000 Accumulated $10,000 $58,000 Depreciation Total Assets $386,000 $85,000 Liabilities and Stockholder Equity Accounts Payable $40,000 $5,000 Bonds Payable $150,000 $0 Common Stock $60,000 $0 Retained Earnings $136,000 $20,000 Total Liabilities and Stockholder Equity $386,000 $85,000 Income Statement Shiner Corporation $492,000 Revenue Operating Expenses $269,0 00 Depreciation $21,00 $290,000 $202,000 Income before Income Taxes Income Tax Expense Net Income $68,000 $134,000 Additional information: 1. During the year Shiner Corporation paid dividends of $18,000. 2. Shiner also issued $150,000 in bonds. Copy and complete the statement below: (25 marks) Statement of Cash Flows Cash Flow from Operating Activities Net Income Adjustments to reconcile net income to net cash Depreciation Accts Receivable decrease Prepaid Expense increase Accts Payable Increase Net cash provided from Operating Activities Investing Activities Land Purchase Building Purchase Equipment Purchase Financing Activities Dividend payment to shareholders Issuance of Bonds Payable Net Decrease in Cash Cash Jan 1, 1996 Cash Dec 31, 1996