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Hello, I am having a hard time trying to make a cash flow statement with this information, can you please assist? Thanks individual account changes

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Hello,

I am having a hard time trying to make a cash flow statement with this information, can you please assist?

Thanks

image text in transcribed
individual account changes impact overall cash flows. 2017 and 2016 Comparative ASSETS 2017 2 16 Items 1 to 6. Note the $ value eect on Cash. Did the change in balances from one year to the next create (+) or 'use' (-) cash? Note the accounting or nance issue related to each of the six Cash accounts reviewed. $ $ 33,411 $ $ 16,566 Accounts Receivable $ 260,205 5 311,766 Inventom S 423,819 $ 352, 740 71,079 Other current assets 3 41,251 29,912 11339 $ 5114 Total Current Assets 3 758,686 E 717,986 E [40,7001 Plant \"(may and Egug' men! E 1,512,675 E 1,403,220 109,455 Goodwill and other assets 3 382,145 E 412,565 30 42.0 Total Assets 3 2,653,506 E 2 33 771 1119,7351 LIABILITIES AND EQUITY . . l Accounts Payable $ 376 236 ,g 332, 004 46,232 Wages Payable g 14x 4.17 g 7, 862 6,625 Accrued income taxes $ 21,125 $ 16,815 E 4,310 Total Current Liabilities $ 413 848 E E 356,681 E 57,167 Long-Term Debt: BankNotes ,g 679,931 ,5 793,515 (113,534) Total Liabilities s 1,093,829 1: 1,150,196 (56,3 67)_ Total Common Equity $ 1,559,677 E 1,383,575 176,102 Total Liabilities and Equity 3 m .5 ZJ 11 112, 235 XYZ Bank told Bob to increase cash to $70,000 from 2016 to 2017. But cash increased from $16,566 in 2016 to just $33,411 in 2017, well short of $70,000. In this assignment, you will review six select changes in the Balance Sheet accounts, highlighted in yellow, to better understand how these Needed to foot the Cash Flow Statement all the way Net Income Depreciation Dividends Paid Tax $3,155,848 212,366 2,966,412 225,700

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