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oInts Erika Company. a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The comparative balance sheet and income

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oInts Erika Company. a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The comparative balance sheet and income statement for Erika as of May 31, 2016, are as follows The company is preparing its statement of cash flows. Erika Company Comparative Balance Sheets As of May 31 2016 2015 $28,250 20,000o Accounts receivable 75,000$ 58,000 $ 220,000 250,000 7,000 $332,250 $ 335,000 Cash Inventory Prepaid Expenses $9,000 S Plant assets Less: A/D $ 600,000$ 502,000 $ 150,000125,000 $ 450,000 $ Total Assets $782,250 $ 712,000 Accounts payable 123,000 115,000 $47,250 $ 72,000 Interest payable 27000 $ 25,000 $ 197,250$ 212,000 Wages payable Bonds payable $ 70,000 100,000 Common Stock, $10 par 370,000 $ 280,000 $ 145,000 120,000 Retained Earnings $ 515,000400,000 $ 782,250 712.000 Total Liab & Equity

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