Accounts payable $26,300 $15,900 Short-term notes payable (trade) 4,000 6,000 Accrued payables 3,000 4,700 Mortgage payable 72,500 53,400 Bonds payable 49,500 62,700 Common stock 140,200 102,800 Paid-in capital in excess of par 9,900 4,000 Retained earnings 74,400 50,900 $379,800 $300,400 Dividends in the amount of $15,000 were declared and paid in 2017. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short-term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities. (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.) TEAL CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2017 2017 Reconciling Items Balance at 12/31/16 Balance at 12/31/17 Debits Debit Credit Cash $21,000 $ $16,700 Short-term investments 19,200 24,800 Accounts receivable 44,600 43,100 Prepaid expenses 2,400 4,300 Inventory 81,500 Land 50,500 65,100 50,500 73,600 46,100 Buildings 125,700 Equipment 52,500 Delivery equipment 38,600 38,600 Patents 14,800 Total debits $361,100 $452,500 Credits Accounts payable $15,900 $ $26,300 Notes payable 6,000 4,000 Accrued liabilities 4,700 3,000 Allowance for doubtful accounts 2,000 1,800 Accumulated Depreciation-Building 22,900 30,200 Accumulated Depreciation Equipment 15,400 19,000 Accumulated Depreciation-Delivery Equipment 20,400 21,700 Mortgage payable 53,400 72,500 Bonds payable 62,700 49,500 Common stock 102,800 140,200 Paid-in capital in excess 4,000 9,900 Retained earnings 50,900 74,400 Total credits $361,100 $452,500 Teal Corporation Statement of Cash Flows Effects $ Totals Totals