(L05) (Worksheet Preparation) Below is the comparative balance sheet for Stevie Wonder Corporation.

Dividends in the amount of $15,000 were declared and paid in 2017.
Instructions From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate.
The short-term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities.

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2017 Dec. 31, Dec. 31, 2016 Cash $ 16,500 $ 21,000 Short-term investments Accounts receivable Allowance for doubtful accounts Prepaid expenses 25,000 19,000 43,000 45,000 (1,800) (2,000) 4,200 2,500 Inventory 81,500 65,000 Land Buildings 50,000 50,000 125,000 73,500 Accumulated depreciation-buildings (30,000) (23,000) Equipment 53,000 46,000 Accumulated depreciation equipment (19,000) (15,500) Delivery equipment 39,000 39,000 Accumulated depreciation-delivery equipment (22,000) (20,500) Patents 15,000 -0- $379,400 $300,000