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Part 4: Show the total net cash flows for Duke Company. Then, show your check for your answer by verifying the net cash flows through

Part 4: Show the total net cash flows for Duke Company. Then, show your "check" for your answer by verifying the net cash flows through using the beginning and ending balances of the cash account.

Condensed financial data of Duke Company appear below:

Duke COMPANY

Comparative Balance Sheet

December 31

2017 2016

Assets

Cash $ 41,000 $ 35,000

Accounts receivable 75,000 53,000

Inventories 120,000 132,000

Prepaid expenses 19,000 25,000

Investments 100,000 75,000

Plant assets 325,000 250,000

Accumulated depreciation (65,000) (60,000)

Total $615,000 $510,000

Liabilities and Stockholders' Equity

Accounts payable $ 93,000 $ 75,000

Accrued expenses payable 29,000 24,000

Bonds payable 120,000 160,000

Common stock 275,000 170,000

Retained earnings 98,000 81,000

Total $615,000 $510,000

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