The comparative balance sheets of Posner Company, for Years 1 and 2 ended December 31, appear below in condensed form: 
The income statement for the current year is as follows: 
Additional data for the current year are as follows: 
Prepare a statement of cash flow, using the indirect method of reporting cash flows from operating activities.
Definitions:
Mid-1970s
The period denoting the middle years of the 1970s decade, often associated with significant cultural, political, and technological changes.
Taser
A brand of conducted electrical weapon that uses electrical current to disrupt voluntary control of muscles, used for incapacitating a person temporarily.
Developed
Refers to a state of advanced economic and social growth in a country or region.
Confession-Eliciting
Pertaining to the process or techniques used to persuade or encourage individuals to admit guilt or disclose truths in criminal investigations.
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