Statement of cash flows-indirect method

The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as follows Dec. 31, 2016 Dec. 31, 2015 Assets $625,760.00$85,920.00 208,960.00 617,12000 0.00 240,000.00 0.00 553,120.00 (166,400.00) (148,000.00) $2,362,080.00 $2,057,120.00 3 Cash 4 Accounts receivable (net) 5 Inventories 6 Investments 227,840.00 641,760.00 Land 8 Equipment 9 Accumulated depreciation-equipment 10 Total assets 328,000.00 705,120.00 Liabilities and Stockholders' Equity 12 Accounts payable (merchandise creditors) 13 Accrued expenses payable (operating expenses) 14 Dividends payable 15 Common stock, $4 par t6 Paid-in capital: Excess of issue price over par-common stock $424,480.00 $404,960.00 52,640.00 19,20000 150,00000 100,00.0 417,500.00 280,000.00 42,240.00 24,000.00