iPad 9:40 4 17 Statement of Cash Flows Prepare a statement of cash (LO 2), AP 4/6 P17-9B Condensed financial data of Minnie Hooper Company are shown below. MINNIE HOOPER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Accounts receivable Inventory Investments Plant assets Accumulated depreciation 93,600 33,400 63,200 124.500 79,500 37,000 102,650 107,000 205,000 (40,000) $445,050 318,000 (44,000) $634,800 Liabilities and Stockholders' Equit Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings 15,100 140,000 250,000 173,100 $634,800 56,600 48,280 18,830 70,000 200,000 107,940 Total $445,050 MINNIE HOOPER COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenue $297,500 Cost of goods sold Operating expenses, excluding $99,460 depreciation expense Depreciation expense Loss on disposal of plant assets 19,670 25,000 5,000 37 270