P17-7A

following are the financial statements of Nosker Company P17-7A NOSKER COMPANY Comparative Balance Sheets December 31 Prepare a statement of cash flows-indirecr method and compule free cash flow Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment 2017 2016 S 38,000 $ 20,000 14,000 20,000 78,000 (24,000) $126,000 $108,00 30,000 27,000 60,000 XLS (29,000) Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings S 24,000 7,000 27,000 18,000 50,000 $126,000 S 15,000 8,000 33,000 14,000 38,000 $108,000 Total 277