Statement of Cash Flows-Indirect Method The comparative balance sheet of Mills Engine Co. at December 31, 2016 and 2015, is as follows: Dec. 31, 2016 Dec. 31, 2015 Assets Cash Accounts receivable (net) Inventories Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 593,510 540,090 819,040 18,990 204,170 943,680 (267,080) 332,370 (91,400) $3,093,370 639,890 492,610 753,760 308,630 581,640 (249,270) 293,790 (102,680) $2,740,920 Total Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Bonds payable Common stock, $20 par Paid-in capital: Excess of issue price over par-common stock 620,220 587,740 173,230 203,000 489,000 75,000 361,000