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 Balance Sheet Assets Cash $ 116,700 $ 134,400 Accounts Receivable 144,000 126,000 Inventory 108,000 117,000 Property and Equipment 206,000 108,000 Less: Accumulated Depreciation (59,840) (31,000) Total assets $ 514,860 $ 454,400 Liabilities: Accounts Payable $ 18,000 $ 21,600 Salaries and Wages Payable 3,600 1,800 Notes Payable, Long-Term 90,000 108,000 Stockholders Equity: Common Stock 164,000 144,000 Retained Earnings 239,260 179,000 Total Liabilities and Stockholders