Problem 130 The net changes in the balance sheet accounts of Eusey, Inc. for the year 2018 are shown below: Account Debit Credit Cash $ 91,200 Accounts recelvable s 48,500 Allowance for doubtful accounts 10,100 Inventory 197,600 Prepaid expenses Long-term investments 18,500 144,500 Land 385,000 Buildings 649,500 Machinery Equipment 100,000 28,300 Accumulated depreciations Buildings 24,300 Machinery Equipment Accounts payable 20,300 12.500 190,800 Accrued liabilities 73,100 Dividends payebles 128,000 36,000 900,000 Premium on bonds Bonds payable Preferred stock ($50 par) 60,000 156.000 Common stock ($510 par) Addtional paid-in captal-comman 223,200 Retained earnings 87,200 $1,792,300 $1,792,300 Additional information: 1. Net income $140,000 2. Cash dividends of $128,000 were declared December 15, 2018, payable January 15, 2019. A 5 % stock dividend was issued March 31, 2018, when the market value was $22.00 per share. 3. The long-term investments were sold for $140,000, 4. A building and land which cost $480,000 and had a book value of $350,000 were sold for $400,000. The cost of the land, indluded in the cost and book value above, was $20,000 5. The following entry was made to record an exchange of an old machine for a new one Machinery 160,000 40,000 Accumulated Depreciation-Machinery Machinery 60,000 Cash 140,000 6. A fully depreciated copler machine which cost $28,000 was written off 7. Preferred stock of $60,000 par value was redeemed for $80,000 8. The company sold 12,000 shares of its common stock ($10 par) on June 15, 2018 for $25 a share. There were 87.600 shares outstanding on December 31, 2018. 9. Bonds were soid at 104 on December 31, 2013 10. Land that was condemned had a book value of $240,500. Proceeds received totaled $10e,000 Prepare a statement of cesh fows (indirect method). Ignore tax effects (Show amounts that decrease cash low with aith sign eg-15,000 or inparenthenis eg(15,000). Eusey, Inc. Statement of Cash Flows For the Year Ended December 31, 2018 Increase (Decrease) in Cash Adjustments to reconcle net Income to