Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: Assets: 2019 2018 Cash $33,200 $12,750 Accounts receivable 53,000 44,800 Inventory 29,500 27,500 Prepaid rent 2,200 6,200 Investments (long-term) 17,600 31,800 Property, plant, and equipment 162,000 149,450 Accumulated depreciation (61,600) (56,200) Total assets $235,900 $216,300 Liabilities and Equity: Accounts payable $16,900 $19,500 Interest payable 3,500 4,800 Wages payable 9,600 7,100 Income taxes payable 5,500 3,600 Notes payable 27,200 53,000 Common stock 100,000 68,500 Retained earnings 73,200 59,800 Total liabilities and equity $235,900 $216,300