2 Comparative Balance Sheet December 31, 2017 2017 80,800S 48,400 92,800 117,500 28,400 143,000 210,000242,500 (50,000) (52,000) 5 682,500 514,750 2016 Cash Note that 33,000 102,850 26,000 1. Use the 2. Fill the 0 Inventory Prepad expenses 3. The wic 10 Investments 4. Column Equipment The forr 6. Save file Total Liabilities and StockholdersEquity 112,000 S 67,300 16,500 110,000 220,000 224,000 682 500 $ 514,750 Accounts payable 17 Accrued expenses payable Bonds payable Common stock 20 Retained eamings Total 17,000 150,000 175,000 105,450 21 The following information pertain to Lehman College net income Sales revenue S 454,707 S 56,240 S 5,687 5 251,890 S 511,692 S 628,122 Sales discount Sales return and allowance Beginning inventory Purchases Ending inventory 2Operating expenses, including depreciation of $46,500 58,910 s 27,280 4,730 S 7,500 Income tax expense Interest expense 35Loss on disposal of plant assets 37 Additional data 30 1 New equipment costing $85,000 was purchased for cash duning the year 9 2 Old equipment having an original cost of $57,000 was sold for $1,500 cash 0 3. Bonds matured and were paid off at face value for cash 41 4. A cash diidend of $40.350 was declared and paid during the year 43 44 instructions 5 Preapare a statement of cash fows using the indirect method 47 Cash Flow Solution O Type here to search Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 5 Cash flows from operating activities 7Adjustments to reconcile net income to net cash 8provided by operating activities 12 14 15 17 18 Cash flows from investing activities 19 20 21 23 24 Cash flows from financing activities 25 26 27 30 35 37 43 Cash Flow Solution Type here to search