A Boscia Corporation’s balance sheet appears below

A Boscia Corporation’s balance sheet appears below

 

 

Comparative Balance Sheet

Ending Balance Beginning Balance

Assets:

Cash and cash equivalents 44 38

Accounts receivable 82 69

Inventory 71 69

plant and equipment 537 500

Accumulated depreciation -240 -201

Total assets 494 475

 

Liabilities and stockholders' equity:

Ending Balance Beginning Balance

Accounts payable 70 60

Wages payable 24 21

Taxes payable 19 22

Bonds payable 226 300

Deferred taxes 19 18

Common stock 22 20

Retained earnings 114 34

Total liabilities and stockhol 494 475

 

The net income for the year was $108. Cash dividends were $28.

 

Required:

Prepare a statement of cash flows in good form using the indirect method.