Following are the trial balances for Ramjac Corp. 12/31/16 dr $ 25,700 $ Cash Short-term investments Accounts Receivable Inventory 54,400 124.800 Land 8.300 12/31/17 CF 2,700 11.900 66.900 116.000 38,300 168.000 $ 139,000 314,700 184,400 78.000 15,500 24,400 168,000 $ 134.000 301.000 213,000 45,000 Building O Accum. Depreciation - Building Equipment Oli Accum. Depreciation - Equip Right-of-Use Asset (net) - O Patents (net) Unearned Revenue Dividend Payable O Notes Payable (Nontrade) Obligation under Capital Lease - Bonds Payable Common Stock Additional Paid-in Capital Retained Earnings 1.200 2.300 30.000 150,000 100,000 20,000 76,700 17.000 29,600 180,000 140,000 30.000 17,600 727,200 812,000 727,200 812.000 During 2017, 1. The company sold equipment that cost $94,500 for $1,000 cash, while recording again of $8,700 2. The company acquired land costing $30,000 by giving the owner 530,000 in bonds. --- 3. Net loss for the year ended December 31, 2017, totied $59.100. 4. -Short-term investments with a cost of $2,000 were sold at a loss of $1,600 5. - Inventory on the books was written off with the following entry 12/31/17 Loss on Inventory Write-Down 36,500 Inventory 36,500 6. The company sold a patent (with a cost of $37,000 for a loss of $5,300 7. The dividend payable was paid in January, 2017. Although dividends payable is a current liability, what kind of cash flow is a dividend payment? 8. The company took $1,500 in amortization expense: 12/31/17 Amortization Expense 1.500 Patents 1.500 9. - The company leased a special asset in the following transaction: 2/14/17 Right of Use Asset 86.000 Obligations under Capital Lease 86,600 10. The company made lease payments over the lease termin 2017 11. The company amortized the Right of Use Asset durine 2017 INSTRUCTIONS: Complete the statement of cash flows worksheet for Ramjac to the year ended December 31, 2017 Ramjac Corp. Cash Flow Worksheet For the Year Ended December 31, 2017 cr DEBITS Cash Short-term Investments AIR Inventory Land Building Equipment Right-of-Use Asset (Net) Patents (Net) Balance Adjustments 12/31/16 dr 25,700 0 54,400 2 12 500 124,800 8,300 168,000 301.000 0 45,000 Balance 12/31/17 2,700 11,900 66,900 116,000 38,300 168,000 314,700 78,000 15,500 727,200 812,000 CREDITS A/D-Building A/D-Equipment Uneamed Revenue Dividend Payable Notes Payable (Nontrade) Obligation under Capital Lease Bonds Payable Common Stock Additional Paid-In Capital R/E 134,000 213,000 1200 2.300 30,000 0 150,000 100,000 20,000 76,700 727 200 139,000 184,400 24,400 0 17,000 79,600 180,000 140,000 30,000 17,600 812,000 59 100 to flow Outflow Cash flows from Dort Nel loss deduct trease in AB 1 59.100 212,600