Dec.31, 2016 Dec. 31, 2015 Assets 490.00 280 00 75.00 400 00 2500 5000 151000 16000 Cash ccounts neceivable ne 11000 10.00 450.00 175.00 5000 Land Accumulated degreciabion-equipment Totuali assets 1,06500 Liabilities and Stochoiders Equity $160.00 175.00 0.00 10000 5000 955 0 1510.00 Accounts parable imerchandse credtond Dnidends payable 0 .00 25.00 3000 1,065.00 Paid-in capital:Excess of isu price over par-common stock sRetained eamings The tollowing additional information is taken from the records 1Lund was so $125 2 Equipment was acquined for cash 3. There were no dsposals of equipment during the year 4 The common stock was issued for cash 5. There was a $325 cnedit to Retiained Eamings for net income 6. Thee was an $100 detoReaned Eannga cash deared. Labels and Amount Descriptions Labels and Amount Descriptions Amortization of intangible assets Cash paid for dividends Cash paid for purchase of equipment Cash received from sale of common stock Cash received from sale of land December 31, 2016 Decrease in accounts payable Decrease in accounts receivable Decrease in cash Decrease in inventories Depreciation For the Year Ended December 31, 2016 Gain on sale of land Increase in accounts payable Increase in accounts receivable Increase in cash Increase in inventories Loss on sale of land Net cash tow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash fow used for investing activities Net cash flow from financing activities Net cash flow used tor financing activities Net income Net loss eBook Show Me How Calculator 3 Labels and Amount Statement of Cash Flows Statement of Cash Flows For the Year Ended December 31, 2016 Cash lows from operating activities Net income 325.00 Mstments to reconcile net income to net cash flow from operating activites 4Depreciation s Gain on sale of land Changes in current operating assets and liabilities Increase in accounts payable sIncrease in accounts receivable 9Increase in inventories Net cash flow from sperating activities Cash flows from investing activities Cash received from sale of Land s Less: Cash paid for puechase of equipment Net cash fow from investing activities sCash fowsfom inancing activities s cash paid for dividends Less Cah neceived from sale of common stack Ca tthe beginning of the ear Cash at he end of the year