Accounting Circle Accounting Circle Balance Sheet as of December 31,2016 and 2015 Income Statement for the year ended December 31, 2016 Sales revenue Gain on sale of investments $4,000 4,600 1,100 2015 700 2016 S 900 Accounts reccivable Inventory Prepaid rent Investment Property, plant, and cquipment Less: Accumulated depreciation Total assets Cost of goods sold Salaries expense Rent expense Depreciation expense on property.plant, and cquipment Interest expense Loss on sale of property, plant, and equipment Tax expense Net incomc 1,100 600 2.2002.000 6,200 4,600 $11300 8,800 $ 700 2880 $1950 1.900 Accounts payable Uncarned revenue Interest payable Dividend payable Notes payable Common stock Retained earnings Total liabilities and sharcholders' equity Additional Information 100 The company sold investments that had originally cost $1,000 1,100 2,000 3,100 2,0001400 "The company sold some property, plant, and cquipment for 1800 $1.200. The company signed a note to acquire some property, plant, and equipment that had a cost of $1000 HINT: There is a hidden transaction involving property, plant, and equipment. $11,300 8,800 Using the indirect method, prepare year ended December 31,2016 a statement of cash flows for the