en Assignment CALCULATOR PRINTER SOURCES Problem 13-12 (Part Level Submission) The following financial statements were furnished by the Benton Company: 2017 by Study Benton Company Balance Sheets As of December 31, 2016. and 2017 2016 Assets Cash $14,800 Accounts receivable 5,050 Inventory 8,141 Prepaid expenses 1.424 Plant and equipment 41.181 Accumulated depreciation (7,843) Total assets $63,763 Liabilities and Equity Accounts payable (all relate to inventory purchases) $5.445 Accrued wages payable 1,134 Common stock 37,000 Retained earnings 20.184 Total liabilities and equity $63,763 $16,180 5,634 9.531 2,574 54,510 8.531) 980.898 $9.466 1.557 37.000 32,875 380,898 Benton Company Income Statement For the Year Ended December 31, 2017 $41.900 Less cost of goods sold (13,408) 28,492 Less wage expense (10,894) Les other operating expenses (1.257) DINIS PLUS Jambalvo, Managerial Accounting, 6e Help System Announcements Open Assignment TOR PRINTE RESOURCES 3-12 (Part Benton Company Income Statement For the Year Ended December 31, 2017 $41.900 Less cost of goods sold (13,408) Gross margin 28,492 Less wage expense (10,894) less other operating expenses (1.257) Less depreciation expense (3,650) Net Income (loss) $12.691 its by Study In 2017, Benton purchased equipment for $24,300 and sold some equipment for its book value (ie, no gain or loss resulted). (a) Prepare a statement of cash flows using the indirect method. (Enter amounts that decrease cash flow either with a negatives preceding the number, e.g. -15,000 or parenthesis .. (15,000).) Benton Company Statement of Cash Flows - Indirect method - He ystem Announcements pen Assignment CALCULATOR PRINTER VERSION ESOURCES Prepare a statement of cash flows using the Indirect method. (Enter amounts that decrease cash flow ether with a negath preceding the number, g.-15,000 or parenthesis ep. (15,000).) Benton Company Statement of Cash Flows - Indirect method 120P by Study Assignment CALCULATOR PRINTER VERSION SURCES Part by Study Click if you would like to Show Work for this question question U 1 0 P