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Presented below is a condensed version of the comparative balance sheets for Molina Corporation for the last two years at December 31. Prepare a statement
Presented below is a condensed version of the comparative balance sheets for Molina Corporation for the last two years at December 31.
Prepare a statement of cash flows for 2017 for Molina Corporation
Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2017 $177,000 118,000 70,000 351,000 (93,000) 136,000 140,000 347,000 2016 $46,500 76,500 96,000 175,000 (66,000) 92,000 64,000 172,000 Additional information: Investments were sold at a gain of $8,000; no investments were purchased; no equipment was sold; cash dividends paid were $41,000; and net income was $216,000Step by Step Solution
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