$ 9,500 $ 4,000 8,000 14,000 Liabilities Current Liabilities: Accounts Payable Long-term Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 17,500 18,000 25,000 44,600 22,000 37,100 69,600 59,100 87,100 $ 77,100 Print Done Root Media Corporation had the following income statement and balance sheet for 2016: (Click the icon to view the income statement) Click the icon to view the balance sheet.) During the year Root issued a $5,300 note payable. Root acquired equipment worth $15,000, and made payments on the long-term notes payable in the amount of $11,300 during the year. Assume the company paid cash for the acquisition of plant assets. Prepare Root Media's statement of cash flows-indirect methodfor the year ended December 31, 2016. i Data Table Root Media Corporation Income Statement Year Ended December 31, 2016 Sales Revenue $ Depreciation ExpensePlant Assets Other Expenses $ Net Income 78,000 10,000 49,000 19,000 Print Done Data Table 2016 2015 Root Media Corporation Comparative Balance Sheet December 31, 2016 and 2015 Assets Current Assets: Cash Accounts Receivable Long-term Assets: Plants Assets Accumulated DepreciationPlant Assets $ Total Assets $ 4,000 5,000 $ 11,100 7,100 100,350 85,350 (29,350) (19,350) 87,100 $ 77,100 Liabilities Print Done Root Media Corporation had the following income statement and balance sheet for 2016: E: (Click the icon to view the income statement.) E Click the icon to view the balance sheet.) During the year Root issued a $5,300 note payable. Root acquired equipment worth $15,000, and made payments on the long-term notes payable in the amount of $11,300 during the ye Assume the company paid cash for the acquisition of plant assets. Prepare Root Media's statement of cash flows-indirect methodfor the year ended December 31, 2016. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used statement, leave the box empty; do not select a label or enter a zero.) Root Media Corporation Statement of Cash Flows Year Ended December 31, 2016 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Choose from any list or enter any number in the input fields and then continue to the next question. Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Fr ivesung Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2015 Cash Balance, December 31, 2016 Choose from any list or enter any number in the input fields and then continue to the next