Exercise 11-47 (Algorithmic) Preparing the Statement of Cash Flows The comparative balance sheets for Beckwith Products Company are presented below. 2019 2018 Assets: Cash $ 36,950 $ 25,000 Accounts receivable 75,100 78,000 Inventory 45,300 36,000 Property, plant, and equipment 256,400 153,000 Accumulated depreciation : 38,650 20,000 Total assets $375,100 $272,000 Liabilities and Equity: Accounts payable $ 13,100 $ 11,000 Interest payable Wages payable Notes payable 11,500 8,000 8,100 9,000 105,200 90,000 Common stock 92,100 50,000 Retained earnings 145,100 104,000 Total liabilities and equity $375,100 $ 272,000 Additional Information: