The management team of Wickersham Brothers Inc. is preparing its annual financial staterments. The statemerts are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized Assets Cash 87.300 107,100 116,000101.500 7,000 94,250 164,00087,000 40,900) (24,000) Property and equipment Total assets 407.340 $305,880 s 14.500 17.400 1.450 2.50037,000 Accounts payable Salaries and Wages Payable Notes paryable, long-term Stockhoiders Eauty Common stock Retained earnings 2,900 138.000 10,000 81.440 144.000 Total liabilibies and stocktholders equity 407340385,850 Income Statement 380,000 00.000 22 ?00 05.000 Cost of goods sold Ner income s 62040 b Pad $14.00o nerm note payable and are included in Ohe Expenss wawment of cash ows Entet any deductions and cash outflows as a Acctg 321-Soluti.. .doc Actg 321- Soluti.. doc