Statement of Cash Flows The comparative balance sheet of Coulson, Inc., at December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Cash Accounts receivable (net) Inventories Prepaid expenses Land Buildings Assets $300,600 $337,800 704,400 609,600 918,600 865,800 18,600 26,400 990,000 1,386,000 1,980,000 (397,200) 660,600 990,000 (366,000) Accumulated depreciation-buildings Equipment 529,800 Accumulated depreciation-equipment (133,200) (162,000) Total assets $5,042,400 $4,217,400 Liabilities and Stockholders' Equity Accounts payable $594,000 $631,200 Income taxes payable 26,400 21,600 Bonds payable