Given the following information for Arthurs Appliance Sales and Repair, Inc., construct a statement of cash flows Construct a statement of cash flows for AASR, Inc. for the period December 31, 2015 to December 31, 2018. Arthurs Appliance Sales and Repair (AASR), Incorporated Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2015, 2016, 2017 and 2018 2017 800 4,100 7,900 Cash Accounts receivable Inventory Current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Land Total assets 2015 500 3,700 7,400 11,600 75,200 (18,300) 56,900 22,000 90,500 2016 400 3,100 8,700 12,200 84,600 (21,300) 63,300 23,000 98,500 12,800 95,500 (25,400) 70,100 26,000 108,900 2018 700 5,100 9,500 15,300 103,800 (26,700) 77,100 31,000 123,400 Notes payable Accounts payable Wage & Tax accruals Current liabilities L.T. Debt Common stock ($1.50 par value) Paid-in-capital Retained earnings Total Liabilities and Equity 1,800 1,100 1,200 4,100 24,500 32,000 17,400 12,500 90,500 1,200 1,600 2,000 4,800 30,200 32,000 16,400 15,100 98,500 1,700 2,400 900 5,000 28,400 38,500 19,500 17,500 108,900 2,700 3,100 2,800 8,600 37,700 37,800 18,300 21,000 123,400 Income Statement data for selected years: Sales Net income 2015 $ 176,400 $ 6,200 2016 $ 187,300 $ 6,600 2017 $191,400 $ 6,700 2018 $ 208,700 $ 7,300 AASR sold the following long term assets during the periods covered by these financial statements: Long term asset sold on August 24, 2015. This asset was sold for $2,300. The asset was originally purchased for $7,900 and the asset had a book value of $2,700 when it was sold. Long term asset sold on April 8, 2017. This asset sale resulted in a gain on the sale of the asset of $500. The asset had an original cost of $6,200 and it had accumulated depreciation of $5,400 when it was sold. Long term asset sold on September 25, 2017. The asset was sold for $1,700. This asset had a book value of $1,500 and accumulated depreciation of $6,000 when it was sold. Long term asset sold on June 29, 2018. This asset was sold for $5,700. The asset was originally purchased for $10,300 and the asset had a book value of $6,000 when it was sold. 3. What was the gain/loss on the asset that was sold on August 24, 2015? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the-sign and the number. For example, record negative $23,243.83 as -23244. Answer: 4. What was the sale price on the asset that was sold on April 8, 2017? Record your answer as a dollar amount rounded to zero (O) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the - sign and the number. For example, record negative $23,243.83 as -23244. Answer: 5. What was the gain/loss on the asset that was sold on September 25, 2017? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the - sign and the number. For example, record negative $23,243.83 as -23244. Answer: 6. What was the accumulated depreciation of the asset that was sold on June 29, 2018? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244. Answer: 7. Net Cash Flow from Operating Activities for AASR, Inc. for the period December 31, 2015 to December 31, 2018 is: Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the - sign and the number. For example, record negative $23,243.83 as -23244. 8. Net Cash Flow from Investing Activities for AASR, Inc. for the period December 31, 2015 to December 31, 2018 is: Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the-sign and the number. For example, record negative $23,243.83 as -23244. 9. Net Cash Flow from Financing Activities for AASR, Inc. for the period December 31, 2015 to December 31, 2018 is: Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the-sign and the number. For example, record negative $23,243.83 as -23244. Given the following information for Arthurs Appliance Sales and Repair, Inc., construct a statement of cash flows Construct a statement of cash flows for AASR, Inc. for the period December 31, 2015 to December 31, 2018. Arthurs Appliance Sales and Repair (AASR), Incorporated Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2015, 2016, 2017 and 2018 2017 800 4,100 7,900 Cash Accounts receivable Inventory Current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Land Total assets 2015 500 3,700 7,400 11,600 75,200 (18,300) 56,900 22,000 90,500 2016 400 3,100 8,700 12,200 84,600 (21,300) 63,300 23,000 98,500 12,800 95,500 (25,400) 70,100 26,000 108,900 2018 700 5,100 9,500 15,300 103,800 (26,700) 77,100 31,000 123,400 Notes payable Accounts payable Wage & Tax accruals Current liabilities L.T. Debt Common stock ($1.50 par value) Paid-in-capital Retained earnings Total Liabilities and Equity 1,800 1,100 1,200 4,100 24,500 32,000 17,400 12,500 90,500 1,200 1,600 2,000 4,800 30,200 32,000 16,400 15,100 98,500 1,700 2,400 900 5,000 28,400 38,500 19,500 17,500 108,900 2,700 3,100 2,800 8,600 37,700 37,800 18,300 21,000 123,400 Income Statement data for selected years: Sales Net income 2015 $ 176,400 $ 6,200 2016 $ 187,300 $ 6,600 2017 $191,400 $ 6,700 2018 $ 208,700 $ 7,300 AASR sold the following long term assets during the periods covered by these financial statements: Long term asset sold on August 24, 2015. This asset was sold for $2,300. The asset was originally purchased for $7,900 and the asset had a book value of $2,700 when it was sold. Long term asset sold on April 8, 2017. This asset sale resulted in a gain on the sale of the asset of $500. The asset had an original cost of $6,200 and it had accumulated depreciation of $5,400 when it was sold. Long term asset sold on September 25, 2017. The asset was sold for $1,700. This asset had a book value of $1,500 and accumulated depreciation of $6,000 when it was sold. Long term asset sold on June 29, 2018. This asset was sold for $5,700. The asset was originally purchased for $10,300 and the asset had a book value of $6,000 when it was sold. 3. What was the gain/loss on the asset that was sold on August 24, 2015? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the-sign and the number. For example, record negative $23,243.83 as -23244. Answer: 4. What was the sale price on the asset that was sold on April 8, 2017? Record your answer as a dollar amount rounded to zero (O) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the - sign and the number. For example, record negative $23,243.83 as -23244. Answer: 5. What was the gain/loss on the asset that was sold on September 25, 2017? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the - sign and the number. For example, record negative $23,243.83 as -23244. Answer: 6. What was the accumulated depreciation of the asset that was sold on June 29, 2018? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244. Answer: 7. Net Cash Flow from Operating Activities for AASR, Inc. for the period December 31, 2015 to December 31, 2018 is: Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the - sign and the number. For example, record negative $23,243.83 as -23244. 8. Net Cash Flow from Investing Activities for AASR, Inc. for the period December 31, 2015 to December 31, 2018 is: Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the-sign and the number. For example, record negative $23,243.83 as -23244. 9. Net Cash Flow from Financing Activities for AASR, Inc. for the period December 31, 2015 to December 31, 2018 is: Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the-sign and the number. For example, record negative $23,243.83 as -23244