Data Table and the requirements quirement 3. Prepare NARRC's balance sheet December 31, 2016 North American Reserve Rare Coins Balance Sheet December 31, 2016 Assets Liabilidas Current Assets Current Labis Cash Accounts Payabi Accounts Receivable Salaries Payable TALLE Merchandiseny 195.000 Total Current Liabile Total Cut AS Stockholders' Equity Plant Assets Common Stock Store Fores 51.000 Retained Earnings Less Accomed Depreciation 10.200 40,000 Total Stockholders Equity 100.000 5.000 105,000 a. On January 1, 2016, NARRC issued no par common stock for $510,000 b. Early in January, NARRC made the following cash payments: 1. For store fixtures, 551,000 2 For merchandise inventory, 5250.000 3. For rent expense on a store building, 517.000 c. Later in the year, NARRC purchased merchandise inventory on account for $235.000 Before year-end, NARRC paid 5135.000 of this account payable d. During 2016, NARRC sold 2.900 units of merchandise inventory for $375 each Before year-end, the company collected 95% of this amount Cost of goods sold for the year was $290,000, and ending merchandise inventory totaled 5195.000 e. The store employs the people. The combined annual payroll is $80.000, of which NARRC still owes 55,000 of year and At the end of the year, NARRC paid income tax of $15,000. There are no income taxes payable 9. Late in 2016, NARRC padcash dividends of $39.000 h. For store fixtures, NARRC uses the straight line depreciation method, over five with zero residus 510 000 Print Done Total Total abilities and Stockholders Requirement. Prepare NARC' Moment of cash tows using the direct method for the year ended December 31, 2016 Complete the one section time, beginning with the cash flows from operating Houth American Hear Coins Suvement of Cash Flow Yeard the comber 31, 2016 Chow Opening Act 675 100 Choose from any or enter any ere input fields and then contato me next question Save for later