Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 2017 2016 sets Cash $57,400 $47,000 Accounts receivable 41,900 62,900 Inventory 150,400 145,300 Prepaid expenses 23,000 14,500 and 96,500 130,600 Buildings 200,300 200,300 Accumulated depreciation-buildings 56,300 30,900 Equipment 156,300 229,900 Accumulated depreciation equipment 42,500 35,300 $692,100 $699,200 Total Liabilities and Stockholders' Equity Accounts payable $46,200 $39,200 Bonds payable 260,000 290,900 Common stock, $1 par 190,000 159, 100 Retained earnings 195,900 210,000 $692,100 $699,200 Total Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $8,500. 2. Land was sold for cash at book value. 3. Cash dividends of $58,600 were paid. 4. Net income for 2017 was $44,500. 5. Equipment was purchased for $95,100 cash. In addition, equipment costing $21,500 with a book value of $12,100 was sold for $6,000 cash. 6. Bonds were converted at face value by issuing 30,900 shares of $1 par value common stock. Prepare a statement of cash flows for the ear ended December 31, 2017, using the indirect method (Show amounts that decrease cash flow with either a ROTHLISBERGER COMPANY Statement of Cash Flows Adjustments to reconcile net income to Sign e.g. 15,000 or in parenthesis e g. (15,000).) Activate W Go to Settings