Preparation and Analysis of Statement of Cash Flows (Preparation and Analysis of Statement of Cash Flows) Here are the financial statements of Falcon Company. Falcon Company Comparative Balance Sheets December 31, 2018 Assets 2018 2017 Cash $14,300 $18,150 Accounts receivable 15.400 7,700 Merchandise inventory 20,900 13,750 Property, plant, and equipment $38,500 $42,900 Less: Accumulated depreciation Total (14,850) 23,650 (13,200) 29,700 $74,250 $69,300 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $17,050 $23,650 14.300 11,000 11,000 5,500 13,750 13,750 18,150 15,400 $74,250 $69,300 Falcon Company