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please help i am confused Problem (30 Points - Required) 21. The...

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Accounting

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Problem (30 Points - Required) 21. The comparative balance sheet of Barry Company for 2011 and the preceding year ended December 31, 2010, appears below in condensed form: Cash Accounts receivable (net) Inventories Investments Equipment Accumulated depreciation-equipment Year 2011 $ 72,000 61,000 121,000 Year 2010 $ 42,500 70,200 105,000 100,000 425,000 (175.000) S567.700 515,000 (153.000) S616.000 $ 59,750 Accounts payable Bonds payable, due 2011 Common stock, $20 par Premium on common stock Retained earnings 375,000 50,000 131.250 $616,000 $ 47,250 75,000 325,000 25,000 95.450 $567700 Additional data for the current year are as follows: (a) (b) (c) (d) (e) (1) (g) Net income, $75,800. Depreciation reported on income statement, $38,000. Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $150,000. Bonds payable for $75,000 were retired by payment at their face amount. 2,500 shares of common stock were issued at $30 for cash. Cash dividends declared and paid, S40,000. Investments of $100,000 were sold for $125,000. Prepare a statement of cash flows using the indirect method

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