Question 36 View Policies Show Attempt History Current Attempt in Progress Presented below is a condensed version of the comparative balance sheets for Monty Corporation for the last two years at December 31. 2017 2016 Cash $176,900 $48,800 Accounts receivable 119,500 77,800 Investments 70,700 96,300 Equipment 352.300 176,300 Accumulated depreciation-equipment (93.100) (65,500) Current liabilities 135,100 89,900 Common stock 138.900 61.500 Retained earnings 340,100 170,100 Additional information: Investments were sold at a gain of $7,300; no investments were purchased; no equipment was sold; cash dividends paid were $40,100; and net income was $210,100. Your answer is partially correct. Prepare a statement of cash flows for 2017 for Monty Corporation. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Monty CORPORATION Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Cash Flows from Operating Activities Prepare a statement of cash flows for 2017 for Monty Corporation. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Monty CORPORATION Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense $ Loss on Sale of Investments Increase in Accounts Receivable Decrease in Current Liabilities Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Investments Purchase of Equipment Net Cash Used by Investing Activities Cash Flows from Financing Activities Decrease in Accounts Receivable Payment of Cash Dividends Net Cash Used by Financing Activities 1 Net Increase in Cash Cash at Beginning of Year Cash at End of Year $ X Your answer is incorrect. Determine Monty Corporation's free cash flow. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Free cash flow $