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Spreadsheet and Statement The following 2016 information is available for Stewart Company: Partial additional information: - The equipment that was sold for cash had cost $400 and had a book value of $300. - Land that was sold brought a cash price of $530. - Fifty shares of stock were issued at par. Required: Making whatever additional assumptions that are necessary, 1. Prepare a spreadsheet to support a 2016 statement of cash flows for Stewart. If an amount is zero, enter " 0 ". 1. Prepare a spreadsheet to support a 2016 statement of cash flows for Stewart. If an amount is zero. enter " 0 ". 2. Prepare the statement of cash flows. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Spreadsheet and Statement The following 2016 information is available for Stewart Company: Partial additional information: - The equipment that was sold for cash had cost $400 and had a book value - Land that was sold brought a cash price of $530. - Fifty shares of stock were issued at par. Required: Making whatever additional assumptions that are necessary, 1. Prepare a spreadsheet to support a 2016 statement of cash flows for Stew3 amount is zero, enter " 0 ". amount is zero, enter " 0 ". You should review the Comprehensive Example (Spreadsheet Method) in before you begin this exercise. This will provide both the necessary forma spreadsheet and a detailed discussion of the various entries that are sumi below: According to GAAP, a company's statement of cash flows for the accounti must clearly show: 1. cash provided by or used in its operating activities 2. cash provided by or used in its investing activities 3. cash provided by or used in its financing activities 4. net increase or decrease in its cash, reconciling the change from the be cash balance to the ending cash balance reported on the year-end balar A company's operating activities are part of the day-to-day business activ company-acquiring (purchasing or manufacturing), selling, and deliverin and services to customers. Under the indirect method, a company's net ir converted from an accrual basis to a cash flow basis. A company's net inc adjusted (reconciled) to its net cash flow from operating activities. To do