The comparative balance sheet of Cantor Industries, Inc. at December 31, 2010 and 2009, is as follows:

The noncurrent asset, noncurrent liability, and stockholders€™ equity accounts for 2010 are as follows:

Instructions
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operatingactivities.

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Dec. 31, 2010 Dec. 31, 2009 Assets $ 50,100 117,400 $ 56,300 101,600 144,300 4,400 231,000 165,000 Cash Accounts receivable (net) Inventories. 153,100 3,100 165,000 330,000 (66,200) 110,100 (22,200) $840,400 Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment (61,000) 88,300 (27,000) $702,900 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors). Income tax payable. Bonds payable Common stock, $1 par. Paid-in capital in excess of par-common stock. Retained earnings . $ 99,000 4,400 55,000 36,000 195,000 S105,200 3,600 30,000 135,000 429,100 451,000 $840,400 $702,900