12.11 The B Corporation had the following balance sheets for 2018 and 2019: 31/12/2019 $77,000 60,000 100,000 9,000 312,000 (66,000) 30,000 $522,000 31/12/2018 Cash $ 48,000 66.000 112,000 8,000 240,000 (41,000) 40,000 $473,000 Accounts Receivable Inventory Supplies Buildings Accumulated Depreciation Goodwill Total Assets Accounts Payable 105,000 85,000 68,000 Expenses Payable Long-term Notes Payable Common Stock Paid-in Capital in Excess of Par -Common Preferred Stock Retained Earnings 63,000 70.000 100,000 25,000 200,000 44,000 200,000 35,000 Total Liabilities and Stockholders' $473,000 Equity $522.000 The only entries in the Retained Earnings account were for net income and dividends of $29,000 and $20,000, respectively No buildings were sold during the period and stock was issued for cash. Prepare approach. a statement of cash flows using the indirect 1 The B Corporation had the following balance sheets for 2018 and 2019: 31/12/2018 31/12/2019 $77,000 60,000 100,000 9,000 312,000 (66,000) 30,000 $522,000 Cash $ 48,000 66.000 112,000 8,000 Accounts Receivable Inventory Supplies Buildings Accumulated Depreciation Goodwill Total Assets 240,000 (41,000) 40,000 S473,000 Accounts Payable Expenses Payable Long-term Notes Payable Common Stock 105,000 63.000 70,000 85,000 68,000 100,000 Paid-in Capital in Excess of Par Common 25.000 200,000 Preferred Stock 200,000 35,000 Retained Earnings Total Liabilities and Stockholders' 44.000 $522.000 Equity $473.000 The only entries in the Retained Earnings account were for net income and dividends of $29,000 and $20,000, respectively No buildings were sold during the period and stock was issued for cash. Prepare approach a statement of cash flows using the indirect