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 735,200 557,200 178,000 + Accumulated depreciation (221,800 (174 800) 47.000 $1.533,200 $1,092 800 Accounts Payable $164,300 S 148,000 Accrund xpenses 13,400 12,000 Dividends Pnyable 36,800 31,400 Common Stock, 200,000 140,000 Paid in excess of Par 610,000 400,000 Retained Earnings 470.200 361400 $1.533,200 $1,092 800 Additional information: (a) Equipment and land were acquired for cash $16.800 1,400+ 5,400+ 60,000+ 240,000+ 116,800+ (b) 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 debit to Retained Earnings for cash dividends declared. (1) 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: $ Product Net cash flows for ouealing activities Casli flows from Investing Activities: Ad Deducta Net cash flows from Investing activities Cash flows from Financing Activities: SO E Add: pogo Deduct: $ Nel cash fkws from financing activities Increase or decrease in cash Cash at the beginning of the year Cash at the end of the year Page 6