Investments

On October 4, 2016, Collins Company purchased 100 shares of Steph Company common stock for $64 per share as a short-term investment in securities classified as available for sale. On December 31, 2016, the stock had a fair value of $63 per share, and on February 8, 2017, Collins sold the stock for $67 per share.

Required:

In journal entry form, prepare the spreadsheet entries to record these transactions for Collins Company's 2016 and 2017 statement of cash flows. For compound entries, if an amount box does not require an entry, leave it blank.

DESCRIPTION DOC. NO. POST. REF DEBIT CREDIT 2016 Worksheet Entries Cash Flows from Investing Activities: 2017 Worksheet Entry Cash Flows from Investing Activities: Net Cash Flow from Operating Activities: DESCRIPTION DOC. NO. POST. REF DEBIT CREDIT 2016 Worksheet Entries Cash Flows from Investing Activities: 2017 Worksheet Entry Cash Flows from Investing Activities: Net Cash Flow from Operating Activities