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helpp below: MINNIE HOOPER COMPANY Comparative Balance Sheet December 31 begin{tabular}{|l|l|l|} hline & 2017 & 2016 hline end{tabular} Assets Current Assets: begin{tabular}{|l|r|r|} hline Cash
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below: MINNIE HOOPER COMPANY Comparative Balance Sheet December 31 \begin{tabular}{|l|l|l|} \hline & 2017 & 2016 \\ \hline \end{tabular} Assets Current Assets: \begin{tabular}{|l|r|r|} \hline Cash & \multicolumn{1}{|c|}{$} & $16,000 \\ \hline Accounts Receivable & 17,000 & \\ \hline Merchandise Inventory & 57,000 & 46,000 \\ \hline Long-term Assets: & 79,000 & 90,000 \\ \hline Plants Assets & & \\ \hline Accumulated Depreciation - Plants & (38,500) & (32,400) \\ \hline Assets & 260,500 & 216,400 \\ \hline \end{tabular} Additional Information: 1. The acquisition of plant assets was for cash. Minnie Hopper disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset were $47,900. No cash was received upon disposal. 2. Only one long-term notes payable transaction occurred during the year. 3. Minnie Hopper has only one common stock transaction during the year. 4. Dividends were paid in cash 5. Investments are purchased with cash. Required: Prepare a statement of cash flows using the indirect method Step by Step Solution
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