Coronado Industries Comparative Balance Sheets December 31 2017 2016 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earning:s Total 138,168 150,138 192,375 48,564 235,980 487,350 $82,764 64,980 175,874 44,460 186,390 414,675 (88,920) $880,223 (85,500) $1,167,075 28,215 188,100 376,200 400,140 $1,167,075 $ 174,420$ 115,083 35,910 249,660 299,250 180,320 $880,223 Coronado Industries Income Statement Data For the Year Ended December 31, 2017 Coronado Industries Income Statement Data For the Year Ended December 31, 2017 Sales revenue $664,267 Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets $231,637 21,221 79,515 46,649 8,088 12,825 399,935 264,332 Net income Additional information: 1. New plant assets costing $171,000 were purchased for cash during the year 2. Old plant assets having an original cost of $98,325 and accumulated depreciation of $82,935 were sold for $2,565 cash 3. Bonds payable matured and were paid off at face value for cash 4. A cash dividend of $44,512 was declared and paid during the year Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g (15,000).) Coronado Industries Statement of Cash Flows Adjustments to reconcile net income to LINK TO TEXT