Spreadsheet and Statement of Cash Flows The following information was taken from Lamberson Company's accounting records Account Balances January 1, December 31, Account Titles Debits Cash Accounts Receivable (net) Marketable Securities (at cost) Allowance for Change in Value Inventories Prepaid Items Investments (long-term) Land Buildings and Equipment Discount on Bonds Payable 2016 2016 $1,400 2,800 1,700 500 8,100 1,300 7,000 15,000 32,000 $2,400 2,690 3,000 800 7,910 1,710 5,400 15,000 46,200 290 $85,400 $69,800 Credits Accumulated Depreciation Accounts Payable Income Taxes Payable Wages Payable Interest Payable Note Payable (long-term) 12% Bonds Payable Deferred Taxes Payable Convertible Preferred Stock, $100 par Common Stock, $10 par Additional Paid-in Capital Unrealized Increase in Value of Marketable Securities Retained Earnings $16,000 3,800 2,400 1,100 $16,400 4,150 2,504 650 400 3,500 10,000 800 9,000 14,000 8,700 500 10,000 $69,800 1,196 21,500 13,700 800 14,100 $85,400 Additional information for the year: a. Sales Cost of goods sold Depreciation expense Wages expense 39,930 (19,890) (2,100) (11,000)