AC 313 Statement of Cash Flows Assessment Presented below are the balance sheets of Trout Corporation as of December 31, 2016 and 2017, and the income statement for the year ended December 31, 2017. The statement of retained earnings for the year ended December 31,2017 is on the next page. All dollars are in thousands. Trout Corporation Balance Sheets December 31,2016 and 2017 Assets 2016 Cash Accounts receivable S 85 245 $ 127 253 Less: Allowance for doubtful accounts Prepaid insurance Inventory Long-term investment 15 225 65 160 250 (75) 234 42 160 300 (100) Buildings and equipment Less: Accumulated depreciation Trademark Total Assets S 986 $1036 Liabilities &Stockholders' Equity Accounts payable Salaries payable s 50 $ 36 18 75 125 (24) 280 70 105 15 Deferred tax liability Lease liability Bonds Payable Less: Discount 275 (26) 250 75 Common Stock Paid-In Capital-in excess of par Preferred Stock Retained Earnings Total Liabilities& Stockholders' Equity 1036