Q.42). P13-36B Prepare statements of cash flows (indirect and direct method) (Le

Q.42). P13-36B Prepare statements of cash flows (indirect and direct method) (Learning Objectives 1 2 & 3):PAGE-770Barton Publication Company Inc. has the following comparative balance sheet as of March 31 2010.Barton Publication Company Inc.Balance SheetAs of March 31 2010 and 200920102009Increase (Decrease)Current assets :

Cash$ 55600$14.700$40900Accounts receivable5140053300(1900)Inventories65400597005700Prepaid expenses37005100(1400)Long-term investment1000068003200Equipment net71700702001500Land3550097000(61500)Total assets293300$306800(61500)

Current liabilities

Note payable short-term$43200$48900$(5700)Account payable43003500800Income tax payable1370015500(1800)Salary payable920012400(3200)Interest payable82007400800Accrued liabilities29003400(500)Long-term note payable4890093100(44200)Common stock69600617007900Retained earnings933006090032400Total liabilities and equity$293300$306800$(13500)Selected transaction data for the year ended March 31 2010 include the following :Requirements