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Exercise 23-21 Below is the comparative balance sheet for Blue Corporation Dec. 31, 2017 Dec. 31, 2016 $16,600 25,200 42,700 $20,800 18,800 45,200 Cash Short-term investments Accounts receivable Allowance for doubtful accounts Prepaid expenses Inventory Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Delivery equipment Accumulated depreciation-delivery equipment Patents (1,800 ) (2,000 ) 4,200 80,800 49,800 125,500 (29,900) 53,100 (19,000) 38,900 (21,800 ) 14,900 2,500 65,500 49,800 73,900 (23,000) 45,600 (15,600) 38,900 (20,300) -0 $379,200 $300,100 $16,000 6,000 4,700 53,200 62,300 101,600 4,000 52,300 $300,100 Accounts payable Short-term notes payable (trade) Accrued payables Mortgage payable Bonds payable Common stock Paid-in capital in excess of par Retained earnings $26,300 4,100 3,000 72,400 49,500 138,900 10,000 75,000 $379,200 Dividends in the amount of $15,000 were declared and paid in 2017 From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appr Statement of Cash Flows Effects except for totals.) BLUE CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2017 2017 Reconciling Items Balance at 12/31/16 Balance at Credit 12/31/17 $16,600 25,200 42,700 4,200 80,800 49,800 125,500 53,100 38,900 14,900 $451,700 Debits Debit $20,800 s Cash Short-term investments Accounts receivable Prepaid expenses Inventory Land Buildings Equipment Delivery equipment Patents 18,800 45,200 2,500 65,500 49,800 73,900 45,600 38,900 $361,000 Total debits Credits $16,000 s 6,000 4,700 2,000 23,000 15,600 20,300 53,200 62,300 101,600 4,000 52,300 $26,300 4,100 3,000 1,800 29,900 19,000 21,800 72,400 49,500 138,900 10,000 75,000 $451,700 Accounts payable Notes payable Accrued liabilities Allowance for doubtful accounts Accumulated Depreciation-Building Accumulated Depreciation-Equipment Accumulated Depreciation Delivery Equipment Mortgage payable Bonds payable Common stock Paid-in capital in excess Retained earnings $361,000 Total credits Blue Corporation Statement of Cash Flows Effects Totals Totals Open Show Work Click if you would like to Show Work for this