Problem 11-4 Larry's Landscaping January to March Statement of Cash Flows The following are the Balance Sheets for Larry's Landscaping as of December 31, 2016 (the end of last period) and March 31, 2017 (the end of this period): Larry's Landscaping Balance Sheets as of the End of December 2016 and March 2017 S 17,500 Total Current Assets 17,500 40,000 100,000 Accumulated Depreciation Equipment(500) (1,000) SO Building Land Total Property, Plant& Equipment 158,500 Total Assets $176.000 Note Payable Long-Tem $110,000 Total Liabilities 110,000 erm... 6,000 Paid-in Capital in Excess of Par Value... 54,000 Common Stock .. 6,000 Total Owners' Equity 66,000 Total Liabilities and Equity $176.000 0 0 Retained Earnings The following is additional information for the period January 1 to March 31, 2017: D Equipment was purchased for $40,000 cash. D A Building was purchased for $100,000 cash. D Land was purchased for $20,000 cash. D Starting in March, Depreciation was recorded for the Equipment and for the Building. D $110,000 cash was borrowed on a Long-Term Note from the bank 6,000 shares of $1.00 par value common stock was issued at a price of $10.00 per share. D The January 1 to March 31, 2017 Income Statement showed Net Income of $6,000. D No Dividends were declared during the period January 1 to March 31, 2017. Use the following to complete this problem: D The Cash Flow Worksheet in the workbook 11-12 Blank Cash Flow Worksheet D The form "Statement of Cash Flows for January 1 to March 31, 2017" on Pg 240 Requirement 1 Prepare a Cash Flow Worksheet for the period January 1 to March 31, 2017. Tip: For this Statement of Cash Flows the period of time is 3 months. The beginning of the period is January 1, 2017 and the end of the period is March 31, 2017 Requirement 2 Uilizing the data from the Cash Flow Worksheet prepared in Requirement 1- of Cash Flows for the period January 1 to March 31, 2017