Question 6: The following information is provided for the Waif Corporation. Balance Sheets Assets December 31, 20XX December 31, 20XW Cash $ 54,500 $17,400 Accounts receivable 64,800 52,200 Inventory 142,200 149,300 Land 60,000 87,000 Plant and equipment 206,000 158,000 Less: Accum amortization 55,000 33,000 Net plant and equipment 151,000 125,000 Total assets $472,500 $430,900 Liabilities and Equity Accounts payable $27,000 $ 37,000 Bonds payable 118,000 158,000 Common stock 170,000 130,000 Retained earnings 157,500 105,900 Total liabilities and shareholders' equity $472,500 $430,900 During 20XX, the following occurred: 1. Net income was $91,000. 2. Bonds were retired by issuing new common stock. 3. No equipment was sold 4. Cash dividends were paid a Prepare a statement of cash flows for the Waif Corporation. b. Identify the major accounts contributing to the change in cash position, from the three different components of the cash flow statement.