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A comparative balance sheet for Migitsu Company appears below: 1. Net income for 2017 was $100,000. Depreciation Expense for the year was $54,000. 2. Cash

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A comparative balance sheet for Migitsu Company appears below: 1. Net income for 2017 was $100,000. Depreciation Expense for the year was $54,000. 2. Cash dividends of $33,000 were declared and paid. 3. Bonds payable amounting to $60,000 were redeemed for cash $60,000. 4. Common stock was issued for $42,000 cash. 5. Equipment that cost $50,000 and had a book value of $30,000 was sold for $36,000 during 2017: land was sold at cost. 6. Additional Equipment was purchased for 110,000 cash. Prepare a statement of cash flows for 2017 using the redirect method. A comparative balance sheet for Migitsu Company appears below: 1. Net income for 2017 was $100,000. Depreciation Expense for the year was $54,000. 2. Cash dividends of $33,000 were declared and paid. 3. Bonds payable amounting to $60,000 were redeemed for cash $60,000. 4. Common stock was issued for $42,000 cash. 5. Equipment that cost $50,000 and had a book value of $30,000 was sold for $36,000 during 2017: land was sold at cost. 6. Additional Equipment was purchased for 110,000 cash. Prepare a statement of cash flows for 2017 using the redirect method

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