Hillary Dry Ice Corp Additional Information Year ended 12/31/16 omplete the worksheet for the statement of cash flows on the following page . This problem is very similar to the worksheet problem we did i n class There is no need to complete a resulting statement of cash flows. Additional Information Land 5a,0o Depreciation expense Loss on sale of equipment 300 47,000 31,700 Net income Dividends declared and paid Equipment was purchased for $5,000 cash. $10,000 nontrade note payable was made with bank on 12/31/16. Land valued at $20,000 was acquired by the company giving (issuing) the landholder 1,000 shares of stock in Hillary Dry Ice. Equipment with a cost of $7,000 and a book value of $500 was sold for cash at a loss of $300 NOTE: Not all transactions are spelled out here. You must assume that any unexplained difference between the beginning and ending balance of a balance sheet account results from a cash transaction. Also, know that it is possible to use more than one line for adjustments for the balance sheet when there are more than one debit or one credit