Dependable Tires Company uses the indirect method to prepare the statement of cash flows. Refer to the following comparative balance sheet for Dependable Tires Company and complete the third column to show the increases or decreases.

Dependable Tires Company

Comparative Balance Sheet

December 31, 2018 and 2017

20182017(Increase/ Decrease)

Cash$39,600$19,800

Accounts Receivable 26,40038,500

Merchandise Inventory 204,000126,500

Total Assets 270,000184,800

Accounts Payable 4,800 6,600

Accrued Liabilities 2,400 1,100

Long-term Notes Payable 100,800 99,000

Total Liabilities 108,000 106,700

Common Stock 36,000 2,200

Retained Earnings 135,600 81,400

Treasury Stock (9,600) (5,500)

Total Stockholders' Equity 162,000 78,100

Total Liabilities and Stockholders' Equity $270,000$184,800