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Condensed tinancial data of Coronado Company for 2017 and 2016 are presented below. 2016 $1,160 CORONADO COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017
Condensed tinancial data of Coronado Company for 2017 and 2016 are presented below. 2016 $1,160 CORONADO COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 Cash $1,770 Receivables 1,740 Inventory 1,620 Plant assets 1,930 Accumulated depreciation (1,250 ) Long-term investments (held-to-maturity) 1,290 $7,100 1,280 1,880 1,670 (1,190) 1,420 $6,220 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 190 1,370 1,930 2,390 $7,100 $920 240 1,570 1,730 1.760 $6,220 CORONADO COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 190 1,370 1,930 2,390 $7,100 $920 240 1,570 1,730 1,760 $6,220 $6,860 4,600 2,260 930 CORONADO COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business 1,330 1,410 520 890 260 $630 Additional information: Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sig CORONADO COMPANY Statement of Cash Flows (Indirect Method) Adjustments to reconcile net income to CAL
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