DO IT: 12-2b Prepare state (LO 2). AP Alex Com ement of cash flows-indirect method eCompany reported the following information for 2017 ALEX COMPANY Comparative Balance Sheets December 31 Change Assets 2016 Ine 2017 $ 59,000 $36,000 $23,000 Increase Cash Accounts receivable OP Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings (21,000) (14,000) 40,000 Increase) 44,000 Increase V44,000 -0 V6,000 4,000 2,000 Increase) V55,000 70,000 15,000 Decrease 200,000 200,000 or iP 7,000 Increase 183,000 68,000 115,000 Increase Accumulated depreciation-equipment (28,000) (10,000) 18,000 Increase Equipment Totals $560,000 $376,000 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) or $43,000 $40,000 3,000 Increase V-0 10,000 10,000 Decrease V100,000 150,000 50,000 Decrease 230,000 60,000 170,000 Increase 187,000 116,000 71,000 Increase Retained earnings Totals $560,000 $376,000