Dani Trading Inc. (DTI) is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash $ 126,600 $ 152,250 Accounts receivable 100,000 107,800 Inventory 134,300 122,500 Property, plant, and equipment 354,000 343,000 Less accumulated depreciation (118,000 ) (85,750 ) Total assets $ 596,900 $ 639,800 Accounts payable $ 78,400 $ 139,200 Income taxes payable 60,800 83,100 Bonds payable 147,000 122,500 Common stock 171,500 147,000 Retained earnings 139,200 148,000 Total liabilities and stockholders equity $ 596,900