Question 1 2 pts Step 1 - Prepare a "Comparative Balance Sheet" and compute the change (increase or decrease) in the account balances during the period. BE SURE TO NOTATE ANY "NON-CASH INVESTING AND FINANCING ACTIVITIES" to ensure that they are included in ONLY the "Non-Cash" section of the Cash Flow Statement. This is your "anchor" and the Cash Flow Statement will reflect all of these changes either in: The "cash" section (a combination of (a) Operating Activities, (b) Investing Activities, and (c) Financing Activities) or, A "non-cash" section (for Non-Cash Investing and Financing Activities) Account Description 12/31/2017 12/31/2016 Increase (Decrease) Assets Cash & Cash Equivalents 45,000 13.000 Accounts Receivable 91,000 88,000 Equipment 139,000 22,000 Accumulated Depreciation - Equipment (17,000) (11.000) Total Assets 258,000 112.000 Liabilities & Stockholders' Equity Accounts Payable 20,000 15,000 Bonds Payable 100,000 0 Common Stock 100,000 80,000 Retained Earnings 38,000 17.000 Total Liabilities & Stockholders' Equity 258.000 112.000 Information for XYZ Co. Account Description 12/31/2017 12/31/2016 Assets Cash & Cash Equivalents 45,000 13,000 Accounts Receivable 91,000 88.000 Equipment 139.000 22,000 (17,000) (11,000) Accumulated Depreciation - Equipment Total Assets 258,000 112,000 Liabilities & Stockholders' Equity Accounts Payable 20,000 15,000 Bonds Payable 100,000 0 Common Stock 100,000 80,000 Retained Earnings 38,000 17.000 Total Liabilities & Stockholders' Equity 258,000 112.000 Additional Information (A) - Net income for 2017 was $44.000. (B) - New equipment was purchased in 2017 but none was sold. (C) - Cash dividends of $23,000 were declared and paid in 2017. (D) - $100,000 of equipment was acquired by the issuance of Bonds Payable