t The comparative balance sheet of Del Ray Enterprises Inc. at December 31, 2016 and 2015, is as follows: Dec. 31, 2016 Dee. 31, 2015 Assets 3 Cash 4 Accounts receivable (net) s Merchandise inventory 6 Prepaid expenses 7 Equipment S146,600.00 $179,800.00 224,600.00 242,000.00 321,600.00 299,200.00 3,400.00 9,600.00 655,000.00 537,000.00 (170,800.00) (132,200.00) 51,190,400.00 $1,135,400.00 Accumulated depreciation-equipment 9 Total assets 10 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 13 Common stock, S10 par 14 Paid-in capital: Excess of issue price over par-common stock 1s Retained earnings 16 Total liabilities and stockholders' equity Addtional data obtained from the income statement and from an examination of the accounts in the ledger for 2016 Liabilities and Stockholders' Equity $250,200.00 $237,600.00 0.00 336,000.00 74,000.00 24,000.00 320,000.00 396,200.00 217,800.00 1,190,400.00 $1,135,400.00 470,000.00 are as follows: A. Net income, $332,000 B. Depreciation reported on the income statement, $83,400 C. Equipment was purchased at a cost of $162,800 and fully depreciated equipment costing $44,800 was discarded, with no salvage realized. D. 10,000 shares of common stock were issued at $20 for cash. E. The mortgage note payable was not due until 2018 but the terms permitted earlier payment without penalty F. Cash dividends declared and paid, $153,60 Prepare a statement of cash flows, using the indirect method of to the Labels and Amount Descriptions ist provided for the exact sure to complete the headin outflows, decreases in cash and a net cash outfiow, if minus sign only to indicate a NET cash outflow for the section and e wording of the answer choices for fext entries. Be g of the statement in the operating activities section, use the minus sign to indicate cash required. In the investing and financing activities section, use a enter in the order isted on the Instructions pago