The Comparative Balance Sheet of the Monopoly Company for December 31 of the current year and the preceding year is as follows: MONOPOLY COMPANY COMPARATIVE BALANCE SHEET Current Preceding Year Year Change Cash $186,800 $115,600 $71,200+ Trade receivables (net) 250,000 247.000 3,000+ Inventories 293,000 217,800 75,200 + Investments 0 130,000 130,000 - Land 290,000 0 290,000+ Equipment 736,200 557,200 178,000 + Accumulated depreciation 1221 800) 74,800 47,000 $1.533,200 $1.092.800 Accounts Payable $164,800 5 148,000 $16,800 + Accrued Expenses 13,400 12,000 1.400 + Dividends Payablo 36,800 31,400 5,400+ Common Stock 200,000 140,000 60,000+ Paid In excess of Par 640,000 400,000 240,000+ Retained Earnings 478,200 361.400 116,800 + $1,533,200 $1,092 800 Additional Information: () Equipment and land were acquired for cash. () There were no disposals of equipment during the year, (c) The investments were sold for $190,000 cash (d) The common stock was issued for cash, (e) There was a $147,200 debillo Retained Earnings for cash dividends declared. ( There was a $264.000 credit to Retained Earnings for net income Prepare a Statement of Cash Flows Page 4 STATEMENT OF CASH FLOWS FORM Cash flows from Operating Activities: Net Income Add: Increase in Acumulated dep Increase in acard Dryckel Indus in Acerved Expens. Deduct: $ 26400D 47000 16800 $ Net cash flows from operating activities Cash flows from Investing Activities: Add: $ Deduct: Net cash flows from investing activities Cash flows from Financing Activities: $ Add: Deduct: Net cash flows from financing activities $ Increase or decrease in cash Cash at the beginning of the year Cash at the end of the year $ Page 6