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9:36 AM 22% com Exercise 5-17 Bramble Corporation's balance sheet at the end of 2016 included the following items Current assets (Cash $82,000) $236,420 Current

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9:36 AM 22% com Exercise 5-17 Bramble Corporation's balance sheet at the end of 2016 included the following items Current assets (Cash $82,000) $236,420 Current liabilities $151/420 Land Buildings Equipment Accum. depr-buildings Accum. depr-equipment Patents 31,740 Bonds payable 101,420 121,420 Common stock 181,740 91,740 Retained earnings 45,740 (31,420) Total (11,000) 41,420 480,320 Total $480,320 The following information is available for 2017 1. Net income was $53,490. 2. Equipment (cost $21,420 and accumulated depreciation $9,420) was sold for $11,420 3. Depreciation expense was $5,420 on the building and $10,420 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,420. 6. An addition to the building was completed at a cost of $28,420 7. A long-term investment (Equity) in stock was purchased for $16,000 8. Bonds payable of $51,740 were issued. 9. Cash dividends of $30,000 were declared and paid 10. Treasury stock was purchased at a cost of $11,000. Prepare a statement of cash flows for 2017. (Show amounts that decrease cash flow with either a - sign e.g 15,000 or in parenthesis e.g. (15,000).) Statement of Cash Flows Adjastasents to reconcile net income o

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