Sharp Company

Comparative Balance Sheet

	December 31	December 31
	2018	2017
Cash	$ 59,000	$ 36,000
Accounts recievable, net	53,000	57,000
Inventory	156,000	123,000
Land	180,000	285,000
Buildings	300,000	300,000
Accumulated depreciation - building	(75,000)	(60,000)
Equipment	1,565,000	900,000
Accumulated depreciationequipment	(177,000)	(141,000)
	$2,061,000	$1,500,000
Accounts payable	$ 202,000	$ 150,000
Bonds payable	450,000	-0-
Capital stock, $10 par	1,250,000	1,250,000
Retained earnings	159,000	100,000
	$2,061,000	$1,500,000

Additional Data:

Net income for the year amounted to $134,000.

Cash dividends were paid amounting to 6% of par value.

Land was sold for $130,000.

Sharp sold equipment, which cost $225,000 and had accumulated depreciation of $90,000, for $115,000.

Instructions

Prepare a statement of cash flows using the indirect method.