Question Help

Tritan Company is preparing its statement of cash flows using the indirect method. Refer to the following portion of the comparative balancesheet:

Tritan Company

Comparative Balance Sheet

December31, 2017 and 2016

2016

2015

Increase/(Decrease)

Accounts Payable

$4,000

$8,000

minus$4,000

Accrued Liabilities

2,500

1,200

1,300

Long-term Notes Payable

55,000

67,000

$(12,000)

Total Liabilities

$61,500

$76,200

$(14,700)

Additional information provided by the company includes thefollowing:

1. During2016, the company repaid$35,000 oflong-term notes payable.

2. During2016, the company borrowed$23,000 on a new note payable.

Based on the above informationonly, what amount of net cash flow would be shown in the financing section of the statement of cashflows?

A.

$(12,000)

B.

$58,000

C.

$(58,000)

D.

$12,000

Click to select your answer.