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please help with statement of cash flows. thanks BCopy Paste A BIU Format Painter Alignment Font Clipboard for B129 K J G H C E

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BCopy Paste A BIU Format Painter Alignment Font Clipboard for B129 K J G H C E D B A The Blue Rascal Corporation 2 Income Statement 12/31/2017 2017 6 $ 890,000 Sales 8 Expenses: Cost of Goods Sold Operating Expenses Interest Expense Loss on Sale of Equipment 14 10 530,000 11 221,000 12 12,000 13 2,000 765,000 15 16 Income from Operations 125,000 17 18 19 20 21 22 21 24 Other information: 25 1. Operating expenses include depreciation expense of $33,000 and amortization of prepaid 26 expenses of $2,000 2 2. Land was sold for book value for cash, 3. Cash dividends of $55,000 were paid in 2017 4. Interest expense of $12,000 was paid in cash. 21 29 30 5. Equipment with a cost of $166,000 was purchased for cash. Equipment with a cost of $41,000 and a book value of $36,000 was sold for $34,000. 31 32 6. Bonds were redeemed at their book value for cash. 7. Common stock ($1 par) was issued for cash. 5 Sheet1 Sheet2 Sheet3 Ready W x Lenovo lill Wrap Text -A A Cut taCopy 11 Calibri Merge & Cente A BIUE Format Painter Alignment Font Clipboard fx 29 M J H F G E The Blue Rascal Corporation Balance Sheet December 31, 2016 and 2017 Increase Decrease 2016 2017 Assets 37,000 54,000 17,000 Cash Accounts Receivable Inventory 62 42,000 26,000 68,000 54.000 Prepaid Expenses 6,000 4,000 (2,000) Land 70,000 (25,000) 45,000 5 Building 56 Accumulated Depreciation Building 200,000 200,000 (11,000) (21,000) (10,000) 5Equipment Accumulated Depreciation-Equipment 60 68,000 193,000 125,000 (10,000) (28,000) (18,000) Total Assets 386,000 569,000 183,000 6t 64 6 Liabilities and Stockholder's Equity 66 6 60 Accounts Payable Bonds Payable 40,000 33,000 (7,000) (40,000) 150,000 69 110,000 70 Common Sock Retained Earnings 7 60,000 220,000 160,000 136,000 206,000 70,000 73 Total tiabilities and Stockholder's Equity 386.000 569,000 183,000 Sheet1 Sheet2 Sheet3 Ready P X Lenovo Font Clipboard B129 M N L K J H G F C DE Statement of Cash Flows 12/312017 83 84 85 8 Cash Flows from Operating Activities: 87 88 $ 89 Net Income 90 Adjustments to reconcile net income to net cash provided by operating activities. 91 92 93 94 95 96 97 98 Net Cash Flows from Operaling Activities 99 00 111 Cash Flows from Investing Activities: 104 10 103 10 103 11 Cash Flows from Financing Activities 120 12 Net Increase (Decrease) in Cash Cash @ OV0V17 124 Cash e 12317 Sheet1 Sheet2 Sheet3 Ready + W Lenovo

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