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Green Company's comparative balance sheets for December 31 of 2018 and 2017 are shown below. Assets Dec 31, 2018 Dec 31, 2017 Increase Decrease $
Green Company's comparative balance sheets for December 31 of 2018 and 2017 are shown below. Assets Dec 31, 2018 Dec 31, 2017 Increase Decrease $ 84,700 $ 35,200 $ 49,500 Cash Accounts Receivable (net) 10,400 9,700 700 Inventory 34,800 31,900 2,900 Prepaid Expenses 4,900 6,900 $ 2.000 Plant Assets 95,000 18,000 Accumulated Depreciation 77,000 (21,400) $ 139,300 (28,300) $ 201,500 6,900 Total Assets Liabilities and Stockholders' Equity Accounts Payable $ 16,300 $ 15,300 1,000 Wages Payable 4,500 2,700 1,800 Income Tax Payable 2,200 3,300 1.100 Bonds Payable 50,000 ---- 50,000 Common Stock, $10 par 71,000 61,000 10,000 Additional Paid-in Capital 41,000 26,000 15,000 Liabilities and Stockholders' Equity Accounts Payable $ 16,300 $ 15,300 1,000 Wages Payable 4,500 2,700 1,800 Income Tax Payable 2,200 3,300 1,100 Bonds Payable ----- 50,000 50,000 71,000 Common Stock, $10 par 61,000 10,000 Additional Paid-in Capital 26,000 15,000 Retained Earnings 41,000 21,000 (4,500) 31,000 10,000 Treasury Stock ----- 4,500 Total Liabilities and Stockholders' Equity $ 201,500 $ 139,300 The following information is taken from Green's financial records. . During 2018, equipment was sold for $18,200. The equipment had an original cost of $31,000 and a current book value of $24,000. 1,000 shares of common stock were issued for $25 per share. Depreciation expense for 2018 was $13,900. Net income for the year was $5,000. Required: Prepare the financing activities section of the statement of cash flows for Green Company, indirect method. Note: The operating activities and investing activities sections have been completed. Financing Activities Cash received from: (Choose one) Cash paid out for: (Choose one) Net Cash Flow from (used for) Financing Activities
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