PLEASE ANSWER CORRECTLY. DON'T SKIP ANY PARTS AND PLEASE ORGANIZE NICELY AND PROMPTLY FOR EACH PART. SO I CAN KNOW WHAT PART IS FOR WHAT PART

Use the indirect method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Net income Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash Changes in current operating assets and liabilities Furniture costing $76,200 is sold at its book value in 2017. Acquisitions of furniture total $65,000 cash, on which no depreciation is necessary because it is acquired at year-end. What is the cash inflow related to the sale of furniture? Answer is not complete Furniture Beg. bal Purchase of assets 116,200 65,000 76,200 Sale of assets End. bal 105,000 Accumulated Depreciation Beg. bal 2017 depreciation Cash End. bal 8,700 36,200 16,200 32,400 28,700 Cost Accumulated depreciatio Book value (Cash received) 76,200 16,200 60,000 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2017? 2. Assume that no additional notes payable are issued in 2017 What cash amount is paid to reduce the notes payable balance in 2017? Answer is not complete. Retained Earnings 116,200 76,200 * 65,000 105,000 210,000 Beg. bal 2017 Net income End. bal Notes Payable Beg. bal End. bal 1. How much cash is received from sales to customers for year 2017? Answer is not complete. Accounts Receivable Beg. bal End. bal 2. What is the net increase or decrease in cash for year 2017? 1. How much cash is paid to acquire inventory during year 2017? Cash paid for inventory 2. How much cash is paid for "other expenses" during year 2017? (Hint Examine prepaid expenses and wages payable.) Cash paid for other expenses Use the above balance sheet and income statement to prepare the cash provided (used) from operating activities section by direct method. (Amounts to be deducted should be indicated with a minus sign.) &Answer is not complete. Cash flows from operating activities