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(Preparationof aStatement of Cash Flows) Acomparative balance sheet forShabbona Corpo- ration is presented below.Additional information:1. Net income for 2007 was $125,000.2. Cash dividends of $6

(Preparationof aStatement of Cash Flows) Acomparative balance sheet forShabbona Corpo- ration is presented below.Additional information:1. Net income for 2007 was $125,000.2. Cash dividends of $6 presented below. December 31 Assets Cash Accounts receivable Imventories Land Equipment Accumulated depreciation-equipment Total \begin{tabular}{rrr} \hline \multicolumn{1}{r}{2007} & \multicolumn{1}{ 2 answers

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