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Depreciation expense Income from operations Interest expense Loss on Sale of land Income Tax Expense Net Income 25,000 50,000 2,000 3,000 6,000 39,000 Trout Corporation
Depreciation expense Income from operations Interest expense Loss on Sale of land Income Tax Expense Net Income 25,000 50,000 2,000 3,000 6,000 39,000 Trout Corporation Balance Sheet as of December 31, 2017 and 2016 Cash Accounts receivable Inventory 2017 10,000 81,0001 158,0001 2016 12,000 76,000 161,0001 Land Equipment Less: Accumulated depreciation Total Assets 31,0001 316,0001 1-185,000 411,000 56,000 270,000 - 160,0001 415,000 Accounts payable Other current payables 60,000 13,000 52,0001 23,0001 Bonds Payable 40,000 74,000 Common stock Retained earnings Treasury stock Total Liabilities and Stockholders' equity 122.000 182,000 -6,000 411,000 100,000 171,0001 -5,0001 415,000 Additional information: 1. A dividend was declared and paid 2. Cash was received on the Land sale. 3. Equipment was purchased with cash. 4. A payment was made on the bonds S. Additional stock was issued for cash 6. Treasury stock was purchased using cash Prepare Trout's Statement of Cash Flows for the year ended 12/31/17 using the indirect method. Use the Information from Trout's Statement of Cash Flows to answer the next 7 questions. (Enter cash inflows as a positive number and cash outflows as a negative number. Do not use dollar signs or commas) 12. How much is cash flow from operations for the year ending Dec 31, 2017 13. How much is cash flow from investing activities for the year ending Dec 31, 2017 14. How much is cash flow from financing activities for the year ending Dec 31, 2017 15. How much cash was received from the sale of land during 2017 16. How much cash was paid for the purchase of equipment during 2017 17. How much cash was paid for dividends during 2017 18. How much is the net change in cash for the year 2017
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