insert Page Layout Formulas Data ReviewView Calibri (Body) 11A A Botswana Tea Company, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 100,000 78,000 101,500 410,000 2017 Cash 78,000 Accounts receivable (net) Machinery and equipment Total assets 85,000 90,000 370,000 158,000 465,000 lated depreciation-machinery & equipment 539,500 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Excess of issue price over par-common stock Retained earnings 58,500 5,000 200,000 62,000 214,000 539,500 55,000 4,000 170,000 60,000 176,000 465,000 3 otal iabilities and stockholders' equity 26 Additicnal information 27 1. 1Equipment costing $125,000 was purchased for cash. 28. Equipment costing $85,000 with accumulated depreclation of $65,000 was sold for $15,000. 30 4. The only entries in the retained earnings account were net income of $51,000 and cash dividends The stock was issued for cash. declared of $13,000. Prepare a statement of cash flows using the indirect method 31 of reporting cash fiows from operating activities 36 Adjusting Entries 4-Closing Journal Entries PART TWO 5-Income Statement 6 Select destination and press ENTER or choose Paste Page