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Current Attempt in Progress Condensed financial data of Carla Company for 2017 and 2016 are presented below. CARLA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER

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Current Attempt in Progress Condensed financial data of Carla Company for 2017 and 2016 are presented below. CARLA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 2016 Cash Receivables Inventory Plant assets $1,770 $1,170 1,780 1,300 1,570 1,880 1,870 1.710 (1.210) (1,190) 1,290 1,430 $7,070 $6,300 Accumulated depreciation Long-term investments (held-to-maturity) Accounts payable 1.200 $900 Accrued liabilities Bonds payable 200 430 1.860 1.580 1.730 Common stock Retained earnings 2.380 $7.070 1.840 $6,300 p o pU.COM COUS34969/dsSlyN /3649018 CARLA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue $6,820 4,640 Cost of goods sold Gross margin 2.180 Selling and administrative expenses 910 Income from operations 1.270 Other revenues and gains Gain on sale of investments Income before tax 1,350 Income tax expense 550 Net income Cash dividends Income retained in business Additional information: During the year 580 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017 (15.000) Prepare a statement of cash flows using the Indirect method (Show amounts that decrease cash flow with ether a-signs-15.000 or in parenthesis

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