*Exercise 23-2 1 Below is the comparative balance sheet for Teal Corporation Dec. 31, 2017 Dec. 31, 2016 Cash Short-term investments Accounts receivable Allowance for doubtful accounts Prepaid expenses Inventory Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Delivery equipment Accumulated depreciation-delivery equipment Patents $16,400 24,800 43,100 (1,700) 4,300 81,100 50,000 126,000 (29,900) 52,500 (19,100 ) 39,300 (21,900 ) 14,900 $20,800 18,900 45,000 (2,100) 2,600 65,200 50,000 72,800 (23,200) 45,800 (15,300) 39,300 (20,700) $379,800 $299,100 Accounts payable Short-term notes payable (trade) Accrued payables Mortgage payable Bonds payable Common stock Paid-in capital in excess of par Retained earnings $26,000 3,900 3,000 72,300 49,500 139,400 9,900 75,800 $379,800 $15,800 6,100 4,600 53,200 62,000 101,000 4,000 52,400 $299,100 Dividends in the amount of $14,900 were declared and paid in 2017 From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short-term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.)