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I need help filling out the yellow part in the statement only. Prob 13-9B (Problems ending In A are in textbook: B pron only below)
I need help filling out the yellow part in the statement only.
Prob 13-9B (Problems ending In "A" are in textbook: "B" pron only below) P13-9B Condensed financial data of Satfordville Company are shown below. SAFFORDVILLE COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $102,700 $_33,400 Accounts receivable 60,800 37,000 Inventory 126,900 102,650 Investments 79,500 107,000 Equipment 315,000 205,000 Accumulated depreciation equipment (44,500) (40,000) Total $640,400 $445,050 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $_57.700 15,100 145,000 250,000 172,600 $640,400 $_48,280 18,830 70,000 200,000 107,940 $445,050 SAFFORDVILLE COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenue Gain on disposal of plant assets $297,500 5,000 302,500 $99,460 Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Net income 19,670 30,500 37,270 2,940 189,840 $112,660 1. Additional information: New equipment costing $146,000 was purchased for cash during the year 2. Investments were sold at cost 3. Equipment costing $36,000 was sold for $15,000, resulting in a gain of $5,000. 4. A cash dividend of $48,000 was declared and paid during the year. Instructions Prepare a statement of cash flows using the indirect method Problem 13-9B working papers SAFFORDVILLE COMPANY Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Total of 1st col Net Cash Provided by Operating Activities 95,800 Net Inc - 1" Col Tu Cash Flows from Investing Activities: Net Cash Used by Investing Activities Cash Flows from Financing Activies: Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period
I need help filling out the yellow part in the statement only.
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