al Redemption of bonds payable 2. Holding nificant 3. Holding ling inte 29-11 LOZI SCIndirect Method) Condensed financial data of Pat Metheny Company for 2017 below Metheny Company for 2017 and 2016 are presented Illustrati Waluation an PAT METHENY COMPANY COMPARATIVE BALANCE SHEET ASO D E 2017 AND 2015 $1.150 of Oy Cash Receivables Inventory Plantes Accumulated depreciation Long-term investments Cheld-to-maturity) 1,500 1,900 POP Valua Me 57.150 SO The ace nfluence ar Accounts payable Accrued liabilities Bends payable Common stock Retired emings Holding Man 2 PAT METHENY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Holding Sales revenue 56.900 Holding than net incon Net income Instructor Prepares Income tained in business Holding "hen an ir is little o absequen sue met fy themi Inson curities Instructie Prepare vesimer ad genel Additional information: During the year. 570 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017. Instructions Prepare a statement of cash flows using the indirect method. E23-12 (L02) (SCF-Direct Method) Data for Pat Metheny Company are presented in 23-11. Instructions infrash flows using the direct method. (Do not prepare a reconciliation schedule.) and campany, had the following statements prepared as of