Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2015 Cash $70,910 Accounts receivable 43,490 Inventory 151,530 Prepaid expenses 14,660 Land 104,140 Buildings 199,690 Accumulated depreciation-buildings (60,230) Equipment 228,100 Accumulated depreciation-equipment (44,000) Total $708,290 2014 $45,160 62,910 142,460 21,230 130,010 199,690 (40,070) 154,340 (34,920) $680,810 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $47,900 260,560 199,460 200,370 $708,290 $39,720 2 99,900 160,120 181,070 $680,810 Additional information: 1. Operating expenses include depreciation expense of $39,270 and charges from prepaid expenses of $6,570. 2. Land was sold for cash at book value. 3. Cash dividends of $18,160 were paid. 4. Net income for 2015 was $37,460. 5. Equipment was purchased for $94,460 cash. In addition, equipment costing $20,700 with a book value of $10,670 was sold for $6,600 cash. 6. Bonds were converted at face value by issuing 39,340 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 flow 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 Activities 27480 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Prepare a statement of cash flows for the year ended December 31, 2015, using the indirect method. (Show amounts that deci ROTHLISBERGER COMPANY Statement of Cash Flows For the Year Ended December 31, 2015 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Equipment Decrease in Accounts Receivable Increase in Accounts Payable Decrease in Prepaid Expenses Increase in Inventory Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Sale of Equipment Purchase of Equipment Net Cash used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Net Increase in Cash Cash at Beginning of Period Net Cash Provided by Operating Activides Cash Flows from Investing Activities Sale of Land Sale of Equipment Purchase of Equipment Net Cash used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Net Increase in Cash Cash at Beginning of Period Cash at End of Period Noncash Investing and Financing Activities Cash at End of Period Conversion of Bonds by Issuance of Common Stock Y LINK TO TEXT