Problem 1) Prepare a cash flow statement for the year ended December 31, 2017 2017 59,000 49,000 75,000 132,000 18,000 68,000 S 123,000 Accounts Receivable Prepaid Rent Equipment 21,000 4400 S3,000 277,000 330,600 S 315,000 Current Assets 27 Total Assets 506,000 S 592,000 Liabilities Accounts Payable Wages Payable Unearned Revenue Notes Payable, Current 42,000 S52,000 30 18,000 S 198,000 71,000 18,800 185,000 Total Current Liabilitics 288,000 S 326 800 Equity Common Stock Retained Eanings Total Equity 135,000 S 125,000 183,000 S 140,200 318,000S $ 265,200 Total Liabilities & Equit 606,000 S 592,000 The Company paid a cash dividend in 2017 of $15,000 Problem 2) Prepare a cash flow statement for the year ended December 31, 2017 2017 2016 18,000 S 95,000 S 72,000 $ 14,000 S 22,000 65,000 95,000 18,000 3,000 203,000 10,000 S 335,000 Accounts Receivable id Rent 6,000 205,000 Current Assets Equipment Total Assets 515,000$538,000 Liabilities Accounts Payable Wages Payable 48,000 S 29,000 S 32 160,000 S 210,000 35,700 20,000 17,300 Unearned Revenue Notes Payable, Current Total Current Liabilities 269,000 S 283,000 Common Stock Retained Earnings Total Equity 120,000 140,000 S 106,000 $ 135,000 246,000 $ 255,000 Total Liabilities& Equity 515,000 S 538,000 Problem 3) Calculate the gain or loss on disposition of the following fixed assets: Purchase Price Salvage value Estimated useful life Depreciation method Asset sold after owning for Assets sold for Asset#1 $860,000 $50,000 10 years straight line 5.5 years $375,000