Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: 2019 2018 Assets: Cash $33,200 $12,750 Accounts receivable 53,000 44,800 29,500 27,500 2,200 6,200 Inventory Prepaid rent Investments (long-term) Property, plant, and equipment Accumulated depreciation 17,600 31,800 162,000 149,450 (61,600) (56,200) Total assets $235,900 $216,300 $16,900 $19,500 3,500 4,800 Liabilities and Equity: Accounts payable Interest payable Wages payable Income taxes payable Notes payable 9,600 7,100 5,500 3,600 28,000 53,000 Common stock 100,000 68,500 72,400 59,800 Retained earnings Total liabilities and equity $235,900 $216,300 Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: 2019 2018 Assets: Cash $33,200 $12,750 Accounts receivable 53,000 44,800 29,500 27,500 2,200 6,200 Inventory Prepaid rent Investments (long-term) Property, plant, and equipment Accumulated depreciation 17,600 31,800 162,000 149,450 (61,600) (56,200) Total assets $235,900 $216,300 $16,900 $19,500 3,500 4,800 Liabilities and Equity: Accounts payable Interest payable Wages payable Income taxes payable Notes payable 9,600 7,100 5,500 3,600 28,000 53,000 Common stock 100,000 68,500 72,400 59,800 Retained earnings Total liabilities and equity $235,900 $216,300