66 301 PM The comparative balance sheets for Beneteau Company appear below: BENETEAU CORPORATION Comparative Balance Sheet 2017 Assets $37,00 80,00 22,00 18,00 70,00 (20,00 $207,00 Cash Accounts receivable (net) Prepaid insurance Land Equipment Accumulated depreciation Total assets Liabilities and Stockholder's Equity $12,00 27,00 140,00 28,00 $207,00 Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholder's equity ditional information: Net loss for 2017 is $12,000. Net sales for 2017 are $250,0 Cash dividends of $15,000 were declared and paid in 2017. Land was sold for cash at a loss of $2,000. This was the only Equipment with a cost of $15,000 and accumulated depreci $12.000 of bonds were retired during the year at carrying (t Equipment was acquired for common stock. The fair value o Prepare a statement of cash flows for the year ended December 31, 2017,using the indirect method. (Show amounts that decrease cash flow with either a-signeg. 15,000 or in parenthesis eg. (15,000). If answer is zero please enter O, do not leave any fields blank) BENETEAU CORPORATION Statement of Cash Flows For the Year Ended December 31, 2017 Adjustments to reconcile net income to eTextbook and Media Compute the following cash based ratios. (Round answers to 2 decimal places, e-g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45)) eTextbook and Media Compute the following cash based ratios. (Round answers to 2 decimal places, eg. 15.25. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Current cash debt coverage times Cash debt coverage times The comparative balance sheets for Beneteau Company appear below: BENETEAU CORPORATION Comparative Balance Sheet 2016 2017 Assets $37,000 $31,000 80,000 60,000 22,000 17,000 18,000 40.000 70,000 60,000 (20,000) (13,000) $207,000 $195,000 Cash Accounts receivable (net) Prepaid insurance Land Equipment Accumulated depreciation Total assets Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings $12,000 $6,000 27,000 19,000 140,000 115,000 28,000 55,000 $207,000 $195,000 Total liabilities and stockholder's equity