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Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 20172016 Cash550365

Q2. (25 marks)

Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE.

2017*2016*

Cash550365

Accounts receivable7585

Inventory3562

Prepaid Expenses225

Non-current - Note

receivable112300

Property, plant and

Equipment430460

(net of depreciation)

Accounts payable1340

Accrued liabilities1283

Common Shares934914

Retained Earnings265240

Net income50

Depreciation expense30

* in 000s

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