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Lewis Company's comparative balance sheets for December 31 of 2017 and 2016 are shown below. Assets Dec 31, 2017Dec 31, 2016 Increase Decrease S 89,200
Lewis Company's comparative balance sheets for December 31 of 2017 and 2016 are shown below. Assets Dec 31, 2017Dec 31, 2016 Increase Decrease S 89,200 S29,300 $59,900 1,000 800 Cash Accounts Receivable (net) Inventory Prepaid Expenses Plant Assets Accumulated Depreciation 11,400 32,700 3,800 95,000 10,400 31,900 7,000 $ 3,200 75,00020,000 (25,10018,100) 7,000 Total Assets S 207,000 135,500 Liabilities and Stockholders' Equity 19,700 16,1003,600 Accounts Payable Wages Payable Income Tax Payable Bonds Payable Common Stock, $10 par Additional Paid-in Capital Retained Earnings Treasury Stock 3,400 3,000 1,200 1,900 2,200 1,100 54,000 69,000 40,000 24,000 54,000 59,00010,000 25.00015,000 29,000 5,000 (3,000)|- 3,000 Total Liabilities and Stockholders' Equity S 207,000 135,500 The following information is taken from Lewis's financial records . During 2017, equipment was sold for $15,800. The equipment had an original cost of $25,000 and a curre $16,000 . 1,000 shares of common stock were issued for $25 per share . Depreciation expense for 2017 was $16,000 . Net income for the year was $5,000 Required: Prepare the investing activities section of the statement of cas for Lewis Company, indirect method
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