Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: December 31 2017 2016 Cash $8,800 $11,000 Accounts receivable 22,000 16,500 Inventory 17,500 29,200 Prepaid rent 9,900 6,600 Land 82,500 82,500 Plant and equipment 440,000 330,000 Accumulated depreciation (71,500) (33,000) Totals $509,200 $442,800 Accounts payable $13,200 $11,000 Income taxes payable 3,300 5,500 Short-term notes payable 38,500 27,500 Bonds payable 83,000 110,000 Common stock 220,000 165,000 Retained earnings Totals 151,200 123,800 $509,200 $442,800