Prepare the unclassified balance sheet as it would appear at December 2016( list Assets in order of liquidity)Compute Cheyenne free cash flow and current cash debt coverage for 2017( round your answers to 2 decimal places)

Start Time: 06:49 PM / Remaining: 37 min. CALCULATOR FULL SCREEN PRINTER VERSION Problem 5-7 Cheyenne Inc. had the following balance sheet at December 31, 2016. CHEYENNE INC. BALANCE SHEET DECEMBER 31, 2016 Cash $ 25,480 Accounts payable $ 35,480 Accounts receivable 26,680 Bonds payable 46,480 Investments 32,000 Common stock 105,480 Plant assets (net) 86,480 Retained earnings 28,680 Land 45,480 $216,120 $216,120 During 2017, the following occurred. 1. Cheyenne liquidated its available-for-sale investment portfolio at a loss of $10,480. 2. A tract of land was purchased for $43,480. ce 3. An additional $30,000 in common stock was issued at par. . Dividends totaling $15,480 were declared and paid to stockholders. ce 5. Net income for 2017 was $40,480, including $17,480 in depreciation expense. ice 6. Land was purchased through the issuance of $35,480 in additional bonds. ice 7. At December 31, 2017, Cash was $75,680, Accounts Receivable was $47,480, and Accounts Payable was $45,480. ice Prepare a statement of cash flows for the year 2017 for Cheyenne. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. ice (15,000).)