Statement of Cash Flows-Direct Method The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is as follows: Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par Excess of paid-in capital over par Patained asminne Dec. 31, 20Y6 Dec. 31, 20Y5 $298,060 $279,830 107,980 100,500 304,810 297,550 0 115,280 156,340 0 336,310 263,080 (78,730) (70,940) $1,124,770 $985,300 $203,580 $194,100 20,250 25,620 11,250 8,870 60,740 48,280 228.330 134,000 400 630 574 490