The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2015 2014 Cash $71,000 $44,730 Accounts receivable 44.660 62.110 Inventory 150,800 141,700 Prepaid expenses 14,730 21,390 Land 104,270 130,280 Buildings 199,030 199.030 Accumulated depreciation--buildings (60,910) (39,270) Equipment 227,300 154,010 Accumulated depreciation-equipment (44,950) (35,440) Total $705,930 $678,540 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $47.920 260,350 200,150 197,510 $705,930 $39.630 300.640 159.860 178,410 $678,540 Additional information: 1. Operating expenses include depreciation expense of $42,820 and charges from prepaid expenses of $6,660. 2. Land was sold for cash at book value. 3. Cash dividends of $18,860 were paid. 4. Net Income for 2015 was $37.960 5. Equipment was purchased for $95,580 cash. In addition, equipment costing $22,290 with a book value of $10,620 was sold for $5,200 cash. 6. Bonds were converted at face value by issuing 40,290 shares of $1 par value common stock Prepare a statement of cash flows for the year ended December 31, 2015, using the indirect method. (Show amounts that decrease cash flow with either asian Version 4.24. 19.4 CALCULATOR ROTHLISBERGER COMPANY Statement of Cash Flows For the Year Ended December 31, 2015 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities : Depreciation Expense Loss on Disposal of Equipment Decrease in Accounts Receivable Increase in Accounts Payable Decrease in Prepaid Expenses Increase in Inventory Net Cash Provided by Operating Activities : Cash Flows from Investing Activities Sale of Land Jue UI Lalu Sale of Equipment Purchase of Equipment Net Cash used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Net Increase in Cash Cash at Beginning of Period Cash at End of Period Noncash Investing and Financing Activities : Conversion of Bonds by Issuance of Common Stock