Riverbed Company, a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The comparative balance sheet and income statement for Riverbed as of May 31, 2017, are as follows. The company is preparing its statement of cash flows. RIVER BED COMPANY COMPARATIVE BALANCE SHEET AS OF MAY 31 Prepaid expenses 334,500 336,000 Plant assets 604.900 Less: Accumulated depreciation plant assets 150,000 125.000 Net plant assets Accounts payable $121800 SIISM600 Salaries and wages payable Interest payable Total current liabilities Long-term debt 70.000 100,000 266,300 Common stock, par Retained earnings 523,100 Total stockholders' equity Total liabilities and stockholders' equity Cost of goods sold Gross profit Salaries and wages expense Total expenses Income tax expense The following is additional information concerning Riverbed's transactions during the year ended May 31, 2017 1. All sales during the year were made on account. 2. All merchandise was purchased on account, comprising the total accounts payable account. Plant assets costing $103,400 were purchased by paying $33,400 in cash and issuing 7,000 shares of stock. 4. The other expenses" are related to prepaid items. s. All income taxes incurred during the year were paid during the year. In order to supplement its cash, Riverbed issued 2,000 shares of common stock at par value. 7. Cash dividends of $92,200 were declared and paid at the end of the fiscal year