*Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 2015 2014 $70,380 $45,080 61,430 142,840 44,530 150,420 14,950 21,010 105,240 200,950 (59,280) (39,490) 228,180 130,260 200,950 155,720 $709,670 $683,650 Total Liabilities and Stockholders' Equit Accounts payable Bonds payable Common stock, $1 par Retained earnings $47,850 260,680 199,770 201,370 $39,260 300,440 160,010 183,940 Total Additional information: 1. Operating expenses include depreciation expense of $42,030 and charges from prepaid expenses of $6,060 2. Land was sold for cash at book value 3. Cash dividends of $19,350 were paid 4. Net income for 2015 was $36,780 5. Equipment was purchased for $94,140 cash. In addition, equipment costing $21,680 with a book value of $10,990 was sold for $5,920 cash. 6. Bonds were converted at face value by issuing 39,760 shares of $1 par value common stock. Prepare a statement of cash flows for the year ended December 31, 2015, using the indirect method. Show amounts that decrease cash now with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) ROTHLISBERGER COMPANY Statement of Cash Flows For the Year Ended December 31, 2015 Cash Flows from Operating Activites Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on D sposal of Equipment Decrease in Accounts Receivable Increase in Inventory Decrease in Prepaid Expenses Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Equipment Sale of Equipment Cash Flows from Financing Activities Payment of Cash Dividonds Cash Flows from Financing Activities Net Increase in Cash