Statement of Cash Flows-Indirect Method The comparative balance sheet of Harris Industries Inc. at December 31, 2014 and 2013, is as follows: Dec. 31, 2013 Dec. 31, 2014 Assets Cash 443,240 360,920 Accounts receivable (net) 665,280 592,200 887,880 1,022,560 nventories Prepaid expenses 31,640 25,200 302,400 302,400 Land Buildings 1,134,000 1,713,600 (466,200) Accumulated depreciation-buildings (414,540) 781,200 781,200 Machinery and equipment Accumulated depreciation machinery and equipment. (191,520) Patents 106,960 112.000 $4,251,800 3,724,420 Liabilities and Stockholders'Equity 837,480 Accounts payable (merchandise creditors) 927,080 32,760 Dividends payable. 25,200 Salaries payable 87,080 78,960 Mortgage note payable, due 2017 224,000 Bonds payable 390,000 200,400 50,400 Common stock, $5 par 366,000 Paid-in capital Excess of issue price over par common stock 126,000 Retained earnings 2,118,660 2,512,200 $4,251,800 $3,724,420