Help System Announcements CALCULATOR PRINTER VERSION 4 BACK ESOURCES mework Exercise 12-7 Shown below are comparative balance sheets for Shamrock Company, by Study Shamrock Company Comparative Balance Sheets December 31 Assets 2017 Cash $ 155,652 Accounts receivable 201,432 Inventory 382,263 Land 183,120 Equipment 595,140 Accumulated depreciation-equipment (151,074 ) Total $1,366,533 Liabilities and Stockholders' Equity Accounts payable $ 89,271 Bonds payable 343,350 Common stock ($1 par) 494,424 Retained earnings 439,488 $1,366,533 Total 2016 $ 50,358 173,964 432,621 228,900 457,800 (73,248 ) $1,270,395 $ 98,427 457,800 398,286 315,882 $1,270,395 Additional information: 1. Net Income for 2017 was $212,877 2. Depreciation expense was $77,826. 3. Cash dividends of $89,271 were declared and pald. 4. Bonds payable amounting to $114.450 were redeemed for cash $114,450. 5. Common stock was issued for $96,138 cash 6. No equipment was sold during 2017, 7. Land was sold for its book value. Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with elther a-sign .g. -45,000, or in parenthesis e... (45,000)). Shamrock Company re sty ing. Be Help System Announcements Additionar information: CALCULATON PRINTER VRION BACK URCES work 1. Net Income for 2017 was $212,872 2. Depreciation expense was $77,826. 3. Cash dividends of $89,271 were declared and paid. 4. Bonds payable amounting to $114,450 were redeemed for cash $114,450. 5. Common stock was issued for $96,138 cash. 6. No equipment was sold during 2017, 7. Land was sold for its book value. Study Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a signy. -45,000, or in parenthesis e.g. (45,000)). Shamrock Company Statement of Cash Flows . $ Adjustments to reconcile net income to . . atv 6 LUS Krome, Financial Accounting, Be CALCULATOR CES ady . + LE click otv