mework Problem 12-18A Using financial statements to prepare a statement of cash flows-Indirect 1, 12-3, 12-4 The comparative balance sheets and income statements for Gypsy Company follow Balance Sheets As of December 31 Year 2 Year Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment $24,048 2,581 1,399 S,829 2, 332 6,218 19,831 44, 82 (S,838) (15,226) 16,58316153 Total assets $63,174 48,757 Liabilities and equity Accounts payable (Anventory) Long-term debt Common stock Retained earnings 2,594 4,191 2,940 19, Bee 37,848 6,719 8,580 29,347 Total liabilities and equity 563,174 $ 48,757 Prey 3of 3 Next 3 5 6 7 8 9