Requirements O More info 1. Prepare the statement of cash flows of Carlson Educational Supply for the year ended December 31, 2016. Use the indirect method to report cash flows from operating activities. 2. Evaluate Carlson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. 3. If Carlson plans similar activity for 2017, what is its expected free cash flow Payment of cash dividends Purchase of equipment with cash $ 21200 Depreciation expense $ 16,900 54, 400 Purchase of building with cash 104,000 Issuance of long-term notes payable to borrow cash 53,000 Net income 67600 Issuance of common stock for cash 112,000 Print Done Print Done r Ended December 31, 2016 O Data Table ome to Net Cash 2016 2016 Activities Assets S 16,900 Current Assets: 8,700 Cash s 96,300 s 23,500 (3,900) Accounts Receivable 14,400 21,100 1 500 Merchandise inventory 63,900 60,000 (1,400) Current Liabilities. Accounts Payable Accrued liabilities S 30,600 s 29,100 10,300 11,700