II Cassy Corporation's balance sheet at the end of 2016 included the following items -30 mins Current Assets Land Buildings Equipment Accumulated Depreciation Buildings Accumulated Depreciation Equipment Patent 5282,000 $36.000 $144,000 $108,000 (536,000) (513,200) $48.000 Current Liabilities Bonds Payable Common stock Retained earnings $180,000 $120,000 $216,000 $52,800 Total $568.800 Total 5568 SOG The following information is available for 2017: 1. Treasury stock was purchased at a cost of $13,200 2 Cash dividends of $36,000 were declared and paid 3 A long-term investment in stock was purchased for $19,200 4 Current assets other than cash increased by $34,800 5. Current liabilities increased by $15,600 6 Depreciation expense was 4,800 on the building and $10,800 on equipment 7 Net income was $66,000 8 Bonds payable of $60,000 were issued. 9. An addition to the building was completed at a cost of 532,400 10. Patent amortization was $3,000 11. Equipment (Cow $24,000 and accumulated depreciation 59,600) was sold for $12,000 Prepare a balance sheet of 31 December 2017 (10 Pts.) b) Prepare a statement of cash flows for the year ended 31 December 2017 (10 Pts.) c) Calculate the return on asset (ROA) and inventory turnover for 2017. (5 Pts.)