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I want the answer exactly like the box form given below. Thank you PRINTERVI Exercise 17-8 Here are comparative balance sheets for Velo Company. VELO
I want the answer exactly like the box form given below. Thank you
PRINTERVI Exercise 17-8 Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $73,100 Accounts receivable 85,900 Inventory 170,200 Land 72,500 Equipment 260,900 Accumulated depreciation-equipment (65,800) Total $596,800 Liabilities and Stockholders' Equity Accounts payable $35,400 Bonds payable 150,900 Common stock ($1 par) 216,200 Retained earnings 194,300 Total $596,800 2016 $33,000 70,700 187,100 100,900 199,800 (33,900) $557,600 $47,200 203,500 173,500 133,400 $557,600 Additional information: 1. Net income for 2017 was $102,000. 2. Cash dividends of $41,100 were dedared and paid. 3. Bonds payable amounting to $52,600 were redeemed for cash $52,600. 4. Common stock was issued for $42,700 cash. Prepare a statement of cash flows for 2017 using the Indirect method. (Show amounts that decrease cash flow with either a sign .g. - 15,000, or in parenthesise. (15,000).) VELO COMPANY Statement of Cash Flows Adjustments to reconcile net income to Step by Step Solution
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