prepare cash flow statement.

Problem 4: The comparative balance sheet of MAC Inc. at December 31, 2023 and 2022. Is as follows: Dec. 31 2023 Dec. 31 2022 Assets Cash $ 128,275 5157,325 Accounts receivable (net) 196,525 211.750 Merchandise inventory 281,400 261,800 Prepaid expenses 11.725 8,400 Equipment 573,125 469,875 Accumulated depreciation equipment 149.450) (115,675) $1,041,600 $993,475 Liabilities and Stockholders'Equity Accounts payable (merchandise creditors) $ 218,925 5207.900 Mortgage note payable 0 2941,000 Common stock, 51 par 91,000 21,000 Paid-in capital in excess of par-common stock 455,000 280,000 Retained earnings... 276,675 190,575 $1.041.600 $993,475 Additional data obtained from the income statement and the ledger for 2022 are as follows: a. Net income, $220,500 b. Depreciation reported on the income statement, $72,975 c. Equipment was purchased at a cost of $142,450, and fully depreciated equipment costing $39,200 was discarded, with no salvage realized. d. The mortgage note payable was not due until 2024, but the terms permitted earlier payment without penalty. e. 7,000 shares of common stock were issued at $35 for cash f. Cash dividends declared and paid $134.400