1) balance sheet

2) income statement

Requirements:

1) prepare the 2016 statement of cash flows, formatting operating activities by using the indirect method

2) how will what you learned in this problem help you evaluate an investment?

a) learn how operating activities, investing activities, and financing activities generate cash receipts and cash payments

b) learn how companies prepare the statement of cash flows in order to understand the meaning of cash flows from the three basic categories of business activities

c) both A & B

d) none of the above

ata Table December 31, Increase 2016 2015 (Decrease) Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses $18,000 S 16,400 $1,600 9,700 56,00057,300(1,300) 51,70042,000 2600 6.000 (3.400) Plant assets: Land 58,30021,200 37,100 13,800 S 249,800 $ 192,300 $57,500 63,20049,400 Equipment, net Total assets Print Done 2 5