Common stock Paid-in capital in excess of par Retained earnings 141,000 10,100 72,200 $378,500 101,300 3,900 51,900 $299,400 Dividends in the amount of $15,000 were declared and paid in 2017. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short-term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities. (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.) TEAL CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2017 2017 Reconciling Items Balance at Debits 12/31/16 Debit Credit $20,800 $ Balance at 12/31/17 $16,600 Cash Short-term investments 19,000 24,800 Accounts receivable 44,600 42,600 Prepaid expenses 2,600 4,200 Inventory 64,400 81,200 Land 50,100 50,100 Buildings 73,200 125,300 Equipment 46,500 52,500 Delivery equipment 39,100 39,100 Patents 14,800 $451,200 Total debits $360,300 Credits Accounts payable $16,100 $26,000 Notes payable 6,000 4,000 Accrued liabilities 4,600 3,000 Allowance for doubtful accounts 2,000 1,700 Accumulated Depreciation-Building 23,100 29,900 Accumulated Depreciation-Equipment 15,400 19,000 Accumulated Depreciation-Delivery Equipment 20,400 22,100 Mortgage payable 53,100 72,700 Bonds payable 62,500 49,500 Common stock 101,300 141,000 Paid-in capital in excess 3,900 10,100 51,900 72,200 Retained earnings Total credits $360,300 $451,200 Teal Corporation Statement of Cash Flows Effects Totals Totals