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Shamrock Inc. had the following condensed balance sheet at the end of operations for 2016. SHAMROCK INC. BALANCE SHEET DECEMBER 31, 2016 Cash $8,500 Current

Shamrock Inc. had the following condensed balance sheet at the end of operations for 2016.
SHAMROCK INC. BALANCE SHEET DECEMBER 31, 2016
Cash $8,500 Current liabilities $14,500
Current assets other than cash 28,600 Long-term notes payable 24,700
Equity investments 20,600 Bonds payable 24,700
Plant assets (net) 65,800 Common stock 75,800
Land 40,400 Retained earnings 24,200
$163,900 $163,900
During 2017, the following occurred.
(a) Shamrock Inc. sold part of its investment portfolio for $13,100. This transaction resulted in a gain of $5,000 for the company. No unrealized gains or losses were recorded on these investments in 2017.
(b) Dividends totaling $9,100 were paid to stockholders.
(c) Atract of land was purchased for $12,300.
(d) Net income was $34,300 after allowing depreciation of $13,700.
(e) Bonds payable in the amount of $10,900 wereredeemed at par.
(f) Land was purchasedthrough the issuance of $22,400 in bonds.
(g) An additional $10,200 in common stock was issued at par.
(h) Both current assets (other than cash) and current liabilities remained at the same amount.

1.Prepare a statement of cash flows for 2017 using the indirect method.

2.Prepare the condensed balance sheet for Shamrock Inc. as it would appear at December 31, 2017.

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