The management team of Wickersham Brothers Incorporated is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized, Current Year Prior Year $ 120,900 148,000 111,000 212.000 (61.680) $530,220 $ 138,300 129,500 120,250 111,000 132,000) $ 467,050 Balance Sheet Assets Cash Accounts Receivable Inventory Property and Equipment Les Accumulated Depreciation Total ansets Liabilities Accounts Payable Salaries and Wages Payable Notes Payable, Long-Term Stockholders' Equity Common Stock Retained Earning Total Liabilities and Stockholders equity Income Statement Sales Cost of Goods sold Depreciation Expense Other Expenses Net Income $ 18.500 3,700 92,500 $ 22,200 1,850 111,000 168,000 247.520 $530,220 148,000 186,000 $ 467,050 3.540,000 280,000 29.680 135,000 595,320 Other Information from the company's records includes the following Bought equipment for cash, S101000, Paid $18,500 on long-term note payable. Issued new shares of common stock for $20,000 cash. Cash dividends of $31,800 were declared and paid to stockholders, Accounts Payable arose from inventory purchases on credit Income tax expense ($23,830) and interest expense ($5,550) were paid in full at the end of both years and are included in other Expenses