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Please prepare statement of cash flows and answer the category sections. Thank you PART Il Flower Company Balance Sheet For Year Ended 12/31 Statement of

Please prepare statement of cash flows and answer the category sections. Thank you image text in transcribed
PART Il Flower Company Balance Sheet For Year Ended 12/31 Statement of Cash Flows (60%) Complete on the next page: ASSETS CATEGORY 2018 2017 (Decrease) 91,830 21,750 58,000 r 169,500)nestis Cash 58,250 107,000 85,000 Accounts receivable Inventory Long Term Investment (1) Land (2) 80,000 165,000 15,500 1,250,000 1,125,000 125,000 0 50,000 (50,000) Equipment (3) (572,000) (28,000 Accumulated depreciation (600,000) 830.295 S 149.080 Total assets 76,340s 112,760 Accounts payable Salaries payable Bonds payable Common stock (2) 20,000 225,000 300,000 14,500 275,000 100,000 $(36,420) 5,500 (50,000) 200,000 Retained earnings (4) Total labilities and shareholders' 979.375830,295 149.080 equity (1) Sold LT Investment with book value of $69,500 for $84,500 (2) Purchased Land by issuing common stock ) Equipment costing $50,000 and accumulated depreciation of $10,000 was sold for $40,000 Net income was $60,000

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