of 18 540ooed earning that the On the basis of the following data dhe o the festontoPorn flows using the indirect method. Assume *liment costing +325.000 War purchased for and bui Tipment Corting #ys. Op with aculated PEP era from OFW 65.000 was sold for $35.000; that the stock was issued for cash and that the only entries in the retained earnings account were for net income $ 51,000 and carh divickend, declared of # 10,000. Asseto Year 2017 Tear 2016 Cash 100.000 93.000 Accounts Receivable, 28,000 85.000 Inventories 101, 500 Equipment Y1o,000 Accumulated Depreciation (150.000) 153,000 Total Assets #539,500 #465.000 Liabilities and stockholders' Equity + 55.000 & Accounts Payable merchandise rred turs) $ 58,500 Cash dividend payable 5,065 Y.CO. Commun Stock $10 pax 200,00 170,000 Paid in capital in excess of poor - 69, 60.000 common stock Retoined Earniny 914,000 $465,000 Total Liabilities t stockholders! Equity & 539,500 go.ooo 370.000 176.000