Statement of Cash Flows Class Exercise - Preparing Statements of Cash Flows The comparative balance sheet of Barry Company. for 2010 and the preceding year ended December 31, 2009, appears below in condensed form: Year Year 2010 2009 Cash $72.000 $42 500 Accounts receivable (net) 61,000 70.200 niventories 121,000 105.000 nvestments 100.000 Equipment 515,000 425.000 Accumulated depreciation-equipment (153,000) F616,000 (175,000) $567,700 Accounts payable $59,750 $47.250 Bonds payable, due 2010 75.000 Common stock, $20 par 375,000 325,000 Premium on common stock 50,000 25.000 Retained eamings 131,250 95.450 F616,000 $567.700 Additional data for the current year are as follows: Net income, $75.800. Depreciation reported on income statement, $38,000. Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $150,0 ") Bonds payable for $75,000 were retired by payment at their face amount. e.) 2.500 shares of common stock were issued at $30 for cash. if) Cash dividends declared and paid, $40,000. g) Investments of $100,000 were sold for $125,000. Prepare a statement of cash flows, using the indirect method of reporting cash flows from operating activities