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1. The following information is available for Mergenthaler Corporation for the year ended December 312017 Collection of principal on bng-term loan to a supplier Acquisition
1. The following information is available for Mergenthaler Corporation for the year ended December 312017 Collection of principal on bng-term loan to a supplier Acquisition of equipment for cash Proceeds from the sale of bng-term nvestment at book value ssuance of common stock for cash Depreciation expense Redemptionofbonds payable at carrying (book)value Payment of cash dvidends Net income Purchase of land by issuing bonds payable $16,000 0,000 22,000 20,000 25,000 34,000 6,000 30,000 40,000 h addtion, the following information is avalable from the comparative balance sheet for Mergenthaler at the end of 2017 and 2016: 2017 Cash Accourts receivable (net) Prepaid insurance Total current assets $48,000 25,000 9.000 $192.000 2016 $91,000 15,000 3.000 $1 9.000 S 30,000 Accounts payable Salaries and wages payable Totalcurrent labilities $19,000 7.000 $26.000 6.000 $ 36.000 Prepare Mergenthaler's statement of cash flows for the year ended December 31 2017, using the indirect method
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