Net cash flow from operating activities, $561,400 PR 13-2B Statement of cash flows-indirect method Obj. 2, 3, 4,5 The comparative balance sheet of Harris Industries Inc. at December 31, 20Y4 and 2083, is as follows: Dec. 31, 2014 Dec 31, 20Y3 Assets SHOW ME HOW EXCEL TEMPLATE Cash ... Accounts receivable (net) Inventories Prepaid expenses Land Buildings Accumulated depreciation-buildings Machinery and equipment.. Accumulated depreciation-machinery and equipment..... Patents... Total assets $ 443,240 665,280 887,880 31,640 302,400 1,713,600 (466,200) 781,200 (214,200) 106,960 $4,251,800 $ 360,920 592,200 1,022,560 25,200 302,400 1,134,000 (414,540) 781,200 (191,520) 112,000 $3,724,420 (Continued) 676 Chapter 13 Statement of Cash Flows 87,080 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 837,480 $ 927,080 Dividends payable.. 32,760 25,200 Salaries payable. 78,960 Mortgage note payable, due in nine years. 0 224,000 Bonds payable. 0 390,000 Common stock, $5 par. 200,400 50,400 Paid-in capital in excess of par-common stock 366,000 126,000 Retained earnings........ 2,512,200 2,118,660 Total liabilities and stockholders' equity. $4,251,800 $3,724,420 An examination of the income statement and the accounting records revealed the following additional information applicable to 20Y4: Net income, $524,580. b. Depreciation expense reported on the income statement buildings, $51,660; machinery and equipment, $22,680. c. Patent amortization reported on the income statement, $5,040. d. A building was constructed for $579,600. e. A mortgage note for $224,000 was issued for cash. f. 30,000 shares of common stock were issued at $13 in exchange for the bonds payable. 9. Cash dividends declared, $131,040. a. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities