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and prepare a unclassified balance sheet and free cash flow and current debt coverage for 2017 Metlock Inc. had the following balance sheet at December

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and prepare a unclassified balance sheet and free cash flow and current debt coverage for 2017
Metlock Inc. had the following balance sheet at December 31, 2016. METLOCK INC. BALANCE SHEET DECEMBER 31, 2016 Cash $9,100 Accounts payable Accounts receivable 13,100 Bonds payable Investments 14,300 Common stock Plant assets (net) 35,500 Retained earnings Land 16,600 $88,600 $15,800 10.100 35,500 27,200 $88,600 During 2017, the following occurred. 1. Net income was $32,100. 2. Depreciation expense was $7,000. 3. Metlock liquidated its investment portfolio (comprised of available for sale investments), realizing a $4.500 loss. 4. Metlock issued $20,400 of common stock at par. 5. Dividends of $8,400 were declared and paid to stockholders. 6. Accounts receivable and accounts payable at December 31, 2017 were $15,800 and $12,600, respectively. 7. Metlock obtained $8,600in plant assets in exchange for issuing bonds. 8. Metlock purchased additional plant assets for $18,200. 9. Metlock purchased land for $19,900. 10. Cash at December 31, 2017 was $30,500. 15.000 or in parenthesis Prepare a statement of cash flows for the year 2017 for Metlock. (Show amounts that decrease cash flow with either asian (15,000)

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