Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2018 and 2017, is as follows: Cash Accounts receivable (net) Merchandise inventory Assets Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity Dec. 31, 2018 Dec. 31, 2017 $54,120 $66,260 83,170 89,320 118,800 110,710 4,840 3,350 242,020 198,350 (62,920) (48,640) $440,030 $419,350 $92,410 $87,640 0 125,810 14,000 9,000 193,000 118,000 140,620 78,900 $440,030 $419,350 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net income, $158,000. b. Depreciation reported on the income statement, $30,740. c. Equipment was purchased at a cost of $60,130, and fully depreciated equipment costing $16,460 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. 5.000 chacer.of.common.stock.anern.iecund.at. 16.for.cach