Prepare a statement of cash flows : indirect method

Dec. 31,20Y8 Dec. 31,20Y7 Assets 147270.00 $180,220.00 241,070.00 299,210.00 9,890.00 536,180.00 (171,750.00) (131,210.00) 1,190,230.00 $1,135,360.00 Cash Accounts receivable (net) 5Merchandise inventory 6 Prepaid expenses 7Equipment 8Accumulated depreciation-equipment 9Total assets 224,490.00 21,930.00 13,120.00 655,170.00 Liabilities and Stockholders' Equity 10 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 13 Common stock, $10 par 14 Paid-in capital: Excess of issue price over par-common stock 15 Retained earnings 16 Total liabilities and stockholders' equity $237,500.00 336,240.00 23,000.00 310,000.00 228,620.00 1,190,230.00 $1,135,360.00 249,380.00 0.00 73,000.00 460,000.00 407,850.00