December 31 2016 2015 Current Accounts: Current assets: Cash and cash equivalents $ 90,900 $ 24.000 Accounts receivable 18,000 64.200 Inventories 90.000 78,000 Prepaid expenses 3.600 1,600 Current liabilities Accounts payable 57,900 $ $ 56,000 Income tax payable 16,700 28,600 Accrued liabilities 15,200 17.200 Transaction Data for 2016: Acquisition of land by issuing Purchase of treasury stock $ 12,100 long-term note payable 201,000 Loss on sale of equipment 2,500 Stock dividends. 31,600 Payment of cash dividends 44,000 Collection of loan 10,100 Issuance of long-term note Depreciation expense 19,000 payable to borrow cash 34,900 Purchase of building Net income. 64,000 with cash 60,000 Issuance of common stock Retirement of bonds payable for cash 38,100 by issuing common stock 64,000 Proceeds from sale of Purchase of long-term equipment 10,400 45,000 Amortization expense investment with cash 5,000 Requirement 1. Prepare Sunapee Software Corp. 's statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of noncash investing and financing activities Sunapee Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2016 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining Clear All Check