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Presented below are data taken from the records of Sheridan Company. CALCULATOR Cash Current assets other than cash Long-term investments Plant assets December 31, 2017
Presented below are data taken from the records of Sheridan Company. CALCULATOR Cash Current assets other than cash Long-term investments Plant assets December 31, 2017 $15,000 85,800 10,000 332,900 $443,700 December 31, 2016 $8,100 60,600 52,600 216,300 $337,600 $40,200 22,100 Accumulated depreciation Current liabilities Bonds payable Common stock Retained earnings -0- $19,900 39,600 75,400 254,400 54,400 $443,700 254,400 20,900 $337,600 Additional information: Held-to-maturity securities carried at a cost of $42,600 on December 31, 2016, were sold in 2017 for $33.900. The loss (not unusual Retained Earnings 2. Plant assets that cost $50,000 and were 80% depreciated were sold during 2017 for $8,100. The loss was incorrectly charged directly 3. Net Income as reported on the income statement for the year was $57.400. 4. Dividends paid amounted to $13,300. 5. Deprecation charged for the year was $19,700. Prepare a statement of cash flows for the year 2017 using the indirect method. (Show amounts e.g. (15,000).) SHERIDAN COMPANY Statement of Cash Flows Adjustments to reconcile net income to ament A inuld like to show Work for this nuection. Onan Sh are
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