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Presented below is a condensed version of the comparative balance sheets for Flounder Corporation for the last two years at December 31. 2017 2016 Cash
Presented below is a condensed version of the comparative balance sheets for Flounder Corporation for the last two years at December 31. 2017 2016 Cash $174,900 $48,400 Accounts receivable 116,900 78,400 Investments 70,500 96,300 Equipment 350,900 176,900 Accumulated depreciation-equipment (93,900) (66,100) Current liabilities 135,500 94,500 Common stock 137,700 64,100 Retained earnings 344,100 173,300 Additional information: Investments were sold at a gain of $6,900; no investments were purchased; no equipment was sold; cash dividends paid were $41,700; and net income was $212,500. Prepare a statement of cash flows for 2017 for Flounder Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Flounder CORPORATION Statement of Cash Flows Adjustments to reconcile net income to A +A > > eTextbook and Media Save for Later +A $ Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Determine Bramble Corporation's free cash flow. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).) Free cash flow $
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