eBook Show Me How Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2078 and 2077, is as follows: Dec. 31, Dec. 31, 20Y8 2017 Assets $58,780 90,310 Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation equipment 129,010 5,260 262,820 $71,880 96,900 120,090 3,640 215,170 (52,770) $454,910 (68,330) $477,850 Total assets $100,350 $95,080 0 136,470 16,000 10,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, si par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity 218,000 128,000 143,500 85,360 5454,910 $477,850 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net Income, $148,840. b. Depreciation reported on the income statement, $33,420. c. Equipment was purchased at a cost of $65,510, and fully depreciated equipment costing $17,860 was discarded, with no salvage realized Check My Work more Check My Work uses remaining DULUI Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable $100,350 0 $95,080 136,470 10,000 16,000 Common stock, $1 par 218,000 128,000 Excess of pald-in capital over par 143,500 85,360 Retained earnings Total liabilities and stockholders' equity $477,850 $454,910 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net Income, $148,840. b. Depreciation reported on the income statement, $33,420. c Equipment was purchased at a cost of $65,510, and fully depreciated equipment costing $17,860 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty e. 6,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $90,700. Required: