Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Balance Sheets 2014 $45,990 62,630 151,270 142,340 21,740 129,480 199,140 (60,580) (39,840) 155,840 35,760 Cash $71,790 43,560 Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment 14,760 105,020 199,140 227,560 45,610) $706 910 681,560 Total abilities and Stockholders Accounts payable Bonds payable Common stock, $1 par Retained earnings $47,700 259,750 $39,090 300,910 201,880 160,720 197.58018050 681,560 Total Additional information: 1. Operating expenses include depreciation expense of $42,650 and charges from prepaid expenses of $6,980. 2. Land was sold for cash at book value. 3. Cash dividends of $20,770 were paid. 4. Net income for 2015 was $37,510 5. Equipment was purchased for $94,480 cash. In addition, equipment costing $22,760 with a book value of $10,700 was sold for $6,770 cash. 6. Bonds were converted at face value by issuing 41,160 shares of $1 par value common stock. ROTHLISBERGER COMPANY Statement of Cash Flows For the Year Ended December 31, 2015 sh Flows from Ope Net Income Adjustments to reconcile net income to Net Cash Provided by Depreciation Expense Loss on Disposal of Eq Decrease in Accounts Increase in Invento Decrease in Prepald E Increase in Accounts P Net Cash Provided bv Cash Flows from Inves Sale of Equipment Purchase of Equlpmen Net Cash used by Inve sh Flows from Finan Payment of Cash Divid Net Cash used by Fina Net Increase in Cash