CALCULATOR STANDARD VIEW PRINTER VERSTON Assets Cash Accounts receivable 2017 2016 $79,152 52,380 67,512 165,288 24,444 58,200 176,288 17,786 168,780 151,320 232,800 232,800 (69,840) (46,560) 261,900 180,420 (52,380) (40,740) Prepaid expenses Land Buildings Accumulated depreciation-buildings Accumulated depreciation-equipment Total $872,686 $786,864 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 52,066 41,904 349,200 349,200 232,800 186,240 238,620 209,520 $872,686 $786,864 Additional information: 1. Operating expenses include depreciation expense of $48,888 2. Land was sold for cash at book value. 3. Cash dividends of $13,968 were paid. 4. Net income for 2017 was $43,068 5. Equipment was purchased 6. for $107,088 cash. In addition, equipment costing $25,608 with a book value of $11,640 was sold for $9,312 cash 46,560 shares of $1 par value common stock were issued in exchange for land with a fair value of $46,560. Prepare a statement of cash flows for the year ended December 3 e.g. -15,000 or in parenthesis e.g. (15,000).) 1, 2017, using the indirect method. (Show amounts that decrease cash now with either a - sign 5. Equipment was purchased ror $10,088 casn. in aducon, equiprnent cosur 19 6. 46,560 shares of $1 par value common stock were issued in exchange for land wi Prepare a statement of cash flows for the year ended December 31, 2017, using the i e.g.-15,000 or in parenthesis e.g. (15,000).) Swifty Corporation Statement of Cash Flows Adjustments to reconcile net income to 20 888 F 2 3 4 6 US Kimmel, Accounting, 6e CES tudy By accessing this Question Assistance, you will learn while you earn points based on the Point Potential P 2 3 4 6