B. Prepare an unclassified balance sheet as it would appear at December 31, 2017.

C. How might the statement of cash flows help the user of the financial statements? Compute two cash flow ratios.

Problem 5-6 (Part Level Submission) Wildhorse Inc. had the following balance sheet at December 31, 2016 BALANCE SHEET DECEMBER 31, 2016 34,430 45,430 104,430 27,630 $211,920 $24,430 Accounts payabie 25,630 Notes payable (iong-term) 36,430 Common stock 81,000 Retained earnings 44,430 Accounts receivable Plant assets (net) Land $211,920 During 2017, the following occurred 1. Wildhorse Inc. sold part of its investment portfolio for $18,171. This transaction resulted in a gain of $6,571 for the firm. The company classifies its investments as available-for-sale 2. A tract of land was purchased for $17,430 cash 3. Long-term notes payable in the amount of $19,171 were retired before maturity by paying $19,171 cash. 4. An additional $23,171 in common stock was issued at par 5. Dividends of $11,371 were deciared and paid to stockholders 6. Net income for 2017 was $36,430 after allowing for cepreciation of $14,171 7. Land was purchased through the issuance of $39,430 in bonds. 8. At December 31, 2017, Cash was $41,430, Accounts Receivable was $46,030, and Accounts Payable remained at $34,430