Alden Group, Inc. Comparative Balance Sheet December 31, 2016 and 2015 2016 Assets 2015 Current Assets: Cash 15,900 Accounts Receivable 9,800 $ 41,800 97,000 Merchandise Inventory 43,200 93,500 Long-term Assets: Plant Assets Accumulated Depreciation Plant Assets 121,930 (20,730) 35,500 111,930 (17,930) 10,000 Land Total Assets $ 285,300 $ 256,600 Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable 25,400 $ 24,000 26,700 22,300 52,000 68,000 Alden Group, Inc. Income Statement Year Ended December 31, 2016 Sales Revenue $ 440,000 205,800 234,200 76,400 15,100 49,600 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Revenues and (Expenses) Interest Revenue Interest Expense Total Other Revenues and (Expense Net Income Before Income Taxe Income Tax Expense Net Income 9,900 600 Done T U m parative balance sheet and income statement of Alden Group, Inc. folow Click the icon to view the comparative blance sheet) Click the icon to view the income s ement) Alden disposed of a plant asset at book value during 2016. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,300. The treasury stock transactions. Assume plant asset and land acquisitions were for cash Prepare the spreadsheet for the 2016 statement of cash fows. Format cash flows from operating activities by the Indirect method Balance Balance Panel A Balance Sheet 12/31/2015 CREDIT 12/31/2016 Cash 15,900 9.800 Accounts Receivable 43,200 41,800 Merchandise Inventory 93,500 97.000 Plant Assets 111.930 121,830 Accumulated Depreciation Plant Assets (17,930) (20,730) Land 10.000 35.500 Total Assets 256,600 205.300 DEBIT Accounts Payable Accrued Liabilities Notes Payable Total Liabilities 26,700 22,300 68,000 25,400 24.000 52.000 117,000 101.400 Common Stock 119.500 Retained Earnings 19.800 128.500 55.400 Total Liabilities and Stockholders' Equity 256.600 285.300 Choose from any list or enter any number in the input fields and then continue to the next question Shows from operating activities by the indirect method. Panel B._Statement of Cash Flows: Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Loss on Sale of Assets @ @ Net Cash Provided by Operating Activities Cash Flows from Investing Activities: 2 Net Cash Used for Investing Activities Cash Flows from Financing Activities: s (0) Choose from any list or enter any number in the input fields and then continue to the next question. Prepare the spreadsheet for the 2016 statement of cash flows. Format cash flows from operating activities by the indirect method. d) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Net Cash Used for Investing Activities Cash Flows from Financing Activities: Net Cash Used for Financing Activities Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Total Choose from any list or enter any number in the input fields and then continue to the next