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Ch. 16 Practice Problem 2 A comparative balance sheet of Mevnor Technologies, Inc. is p is provided below: Assets: 2016 2017 Cash $292,960 $ 312,880

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Ch. 16 Practice Problem 2 A comparative balance sheet of Mevnor Technologies, Inc. is p is provided below: Assets: 2016 2017 Cash $292,960 $ 312,880 113,920 320,880 104,480 308,560 120,000 Accounts Receivable (Net) Inventories Investments Land 164,000 352,560 183,200) 276,560 174,000) Equipment Accum. Depr.- Equipment Total Liabilities & Shareholder Equity Accounts Payable Accrued Expenses Payable Dividends Payable Common Stock, $10 par Paid-in-capital in excess of par-common stock Retained Earnings 214,240 202,480 21,120 12,000 64,000 240,000 629,680 26,320 9,600 48,000 140,000 602.160 Total Additional Information The investments were sold for $140,000. Equipment and land were acquired for cash. There were no disposals of equipment during the year. The common stock was issued for cash. There was a $75,520 credit to Retained Earnings for net income. There was a $48,000 debit to Retained Earnings for cash dividends declared. . Using the information given above, complete a Statement of Cash Flows for the Mevnor Technologies Corporation as of December 31, 2017 (see the partially completed report on the next page)

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