Question - Cash Flow 2016 12000 Cash AIR Prepaid Expenses Inventory Total Current Assets 2017 9000 5000 3000 5000 22000 3000 1500 6000 22500 Land Equipment Acc. Depreciation Total non-current Assets 60000 10000 - 11000 59000 50000 15000 -9000 56000 TOTAL ASSETS 81000 78500 TOTAL ASSETS 81000 78500 1000 Accounts Payable Bank Loans Total Liabilities 3000 6000 9000 0 1000 20000 Common Shares Retained Earnings Total Shareholders Liabilities 30000 42000 72000 57500 77500 TOTAL LIABILITIES & SHAREHOLDERS EQUITY 81000 78500 Additional Information: $7000 $5000 a. Equipment was sold during the year for cash of 1. At the time of sale the equipment had a book value of b. Cash dividends paid for the year was c. Net income for the year was $3000 $-12500 d. Issued common shares valued at $10000 Question - Cash Flow 2016 12000 Cash AIR Prepaid Expenses Inventory Total Current Assets 2017 9000 5000 3000 5000 22000 3000 1500 6000 22500 Land Equipment Acc. Depreciation Total non-current Assets 60000 10000 - 11000 59000 50000 15000 -9000 56000 TOTAL ASSETS 81000 78500 TOTAL ASSETS 81000 78500 1000 Accounts Payable Bank Loans Total Liabilities 3000 6000 9000 0 1000 20000 Common Shares Retained Earnings Total Shareholders Liabilities 30000 42000 72000 57500 77500 TOTAL LIABILITIES & SHAREHOLDERS EQUITY 81000 78500 Additional Information: $7000 $5000 a. Equipment was sold during the year for cash of 1. At the time of sale the equipment had a book value of b. Cash dividends paid for the year was c. Net income for the year was $3000 $-12500 d. Issued common shares valued at $10000