The following information is available for two small company we are considering buying: Eldridge Company Balance Sheets At December 31 Assets: Cash.......... Accounts receivable Merchandise inventory.. Long-term investments Machinery.. Accumulated depreciation Total assets...******* Liabilities: 2009 2008 $ 29.568 S 27.648 38.616 35.280 87.750 74,052 67.080 67.680 210.600 174.600 (40.260) (37.440) $393.354 $341.820 Accounts payable.. $ 78.000 $ 48.456 Income taxes payable.. 12.870 12.240 Bonds payable.. 58.500 79.200 Total liabilities. $149.370 $139.896 Equity: Common stock. 140.400 115.200 Contributed capital in excess of par. 15.600 10.800 Retained earnings. 87.984 75.924 Total equity $243.984 $201.924 Total liabilities and equity $393.354 $341.820 Sales...........gmanet Eldridge Company Income Statement For Year Ended December 31, 2009 Cost of goods sold... Depreciation expense Other operating expenses.. Interest expense......... Other gains (losses): Loss on sale of equipment. Income before taxes $288.000 $97.080 35.280 57.600 2.400 (192,360) (10.080) 85.560 Income taxes expense Net income 33.180 $ 52.380 Prepare the statement of cash flows for the year ended December 31. Additional information includes: 1. Old machinery with an original cost of $45,060 was sold. 2. New machinery was purchased for $81,060 cash. 3. The only changes affecting retained earnings are net income and cash dividends paid. 4. Additional shares of stock were issued for cash