Condensed financial data of Bramble Corp. follow. Bramble Corp. Comparative Balance Sheets December 31 Assets 2017 2016 Cash $ 138,976 $83,248 Accounts receivable 151,016 65,360 Inventory 193,500 176,902 Prepaid expenses 48,848 44,720 Long-term investments 237,360 490,200 187,480 417,100 Plant assets Accumulated depreciation (86,000) (89,440) Total $1,173,900 $885,370 Liabilities and Stockholders' Equity Accounts payable $ 175,440 $ 115,756 Accrued expenses payable 28,380 36,120 Bonds payable 189,200 251,120 Common stock 378,400 301,000 Retained earnings 402,480 181,374 Total $1,173,900 $885,370 Bramble Corp. Income Statement Data For the Year Ended December 31, 2017 Sales revenue $668,151 Less: Cost of goods sold $232,991 Operating expenses, excluding depreciation 21,345 Depreciation expense 79,980 Income tax expense 46,922 Interest expense 8,136 Loss on disposal of plant assets 12.900 402,274 Net income $265,877 Additional information: 1. New plant assets costing $172,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $98,900 and accumulated depreciation of $83,420 were sold for $2.580 cash. 3. Bonds payable matured and were paid off at face value for cash. - .UUU arin Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either - 38 parenthesis e.g. (15,000).) Bramble Corp Statement of Cash Flows December 31, 2017 For the Year Ended December 31, 2017 For the Quarter Ended December 31, 2017 Adjustments to reconcile net income to MUUL Sacramento State HW 11 - HW 11 - Ch 12 eTextbook and Media Attempts: 0 of 3 used Save for Later Submit Answ