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Question Given the information below prepare a statement of cash flows. 31-Dec-16 31-Dec-15 Balance Sheets 78 180 150 135 330 279 300 240 54 175

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Question Given the information below prepare a statement of cash flows. 31-Dec-16 31-Dec-15 Balance Sheets 78 180 150 135 330 279 300 240 54 175 225 186 Assets cash Accounts Receivable Inventory Equipment Less Accumulated Depreciation Net Equipment Total Assets Liabilities and Equity Accounts Payable Taxes Payable Common Stock Retained Earnings Total Liabilities 870 693 135 81 540 180 30 495 87 870 693 During 2016 the following occurred: Net income for 2016 was 150 Equipment was purchased for cash. No equipment was sold. Share were sold for basin Dividends were declared led pald For the toolbar press ALTA TOPCON ALT+FN+F10 (Mac). Paragraph Arial 14px

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