u vuon1 HUW 1or last year. Prepare a statement of cash flows (using the indirect method) for the Midland Manufacturing Corporation for the year ending December 2013, based on the fol- lowing comparative balance sheets. December 31, 2013 $ 0.8 7.5 14.5 $ 22.8 $115.0 25.8 $ 89.2 Midland Manufacturing Corporation Comparative Balance Sheets (in Millions of Dollars)* December 31, 2012 Assets Current assets: Cash $ 4.9 Accounts receivable, net 7.2 Inventories 13.8 Total current assets $25.9 Property and equipment $80.7 Less: Accumulated depreciation 16.3 Net property and equipment $64.4 Total assets $90.3 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 8.0 6.0 Other current liabilities $14.0 Total current liabilities 18.8 Long-term debt $ 1.2 Deferred federal income taxes Stockholders' equity: $ 3.0 Common stock 29.0 Additional paid-in capital 24.3 Retained earnings $56.3 Total stockholders' equity $90.3 Total liabilities and stockholders' equity $112.0 $ 9.5 8.2 $ 17.7 31.8 $ 1.4 $ 3.0 29.0 29.1 $ 61.1 $112.0 "Net income for the year ended December 31, 2013, totaled $8.3 million; dividends paid during the same period totaled $3.5 million: $2.00 million of long-term debt was retired in 2013; and fixed assets were sold during 2013 for $1.0 million