Deprecation PROBLEM 8-1 ACCOUNTING 232 STATEMENT OF CASH FLOWS De fancial statements for the JHJ Book Store are as follows Sales Cost of Books Sold Profic Opening Expenses INCOME STATEMENT 200,000 50,000 2013 1,000,000 400,000 600,000 250,000 Set me 350.000 BALANCE SHEET 2013 2012 2013 Cad 100,000 Accounts Receivable 300,000 125.000 200,000 eventory 150,000 100,000 Equipment 100,000 Accumulated Depreciation 475,000 (25,000) Investment in IBM Stock (75,000) 200,000 Total Assets 450.000 1.200.000 Accounts Payable 100,000 300,000 Long Term Bond Payable 0 250,000 Total Liabilities 100.000 $50,000 Common Stock 50,000 100,000 Retained Earnings 300,000 550,000 Total Stockholders 350,000 650.000 Toul Liabilities Stockholders 450.000 1.200.000 Equity Required: Prepare Statement of Cash Flows Page 234