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following is a statement of cash flows (indirect method) for Hartford, Inc. For the year ended December 31, 2017. Also shown is a partially completed
following is a statement of cash flows (indirect method) for Hartford, Inc. For the year ended December 31, 2017. Also shown is a partially completed comparative balance sheet as of December 31, 2017 and 2016:
A.
B.
value: 40.00 points Following is a statement of cash flows (indirect method) for Hartford, Inc., for the y HARTFORD, INC Statement of Cash Flows For the year Ended December 31, 2017 Cash Flows from Operating Activities: Net income Add (deduct) items not affecting cash: 12,600 Depreciation expense Decrease in accounts receivable Increase in Inventory Increase in notes payable Decrease in accounts payable 63,000 32,200 (9,800) 16,800 (8,400) $ 106,400 Net cash provided by operating activities Cash Flows from Investing Activities: Purchase of equipment Purchase of buildings $ (70,000) (67 200) $(137,200) Net cash used by investing activities Cash Flows from Financing Activities: Proceeds from short-term debt Cash used for retirement of long-term debt Proceeds from issuance of common stock Payment of cash dividends on common stock $ 7,000 (35,000) 14,000 4,200) S (18.200) S (49,000) Net cash used by financing activities Net decrease in cash for the year Required: a. Complete the December 31, 2017 and 2016, balance sheets. HARTFORD. ING Comparative Balance Sheets At December 31, 2017 and 2016 2017 2016
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