Show youre work,Statement of cashflows :

Problem: The comparative Balance Sheet of Alliance Structures Inc. for December 31, 2017 and 2016 is as follows: 12/31/2017 12/31/2016 Assets Cash Accounts Receivable Inventory $90 30 24 35 32 $23 27 21 Land Equipment Accumulated Depreciation-Equipment Total $202 $143 Liabilities and Stockholders' Equity Accounts Payable Dividends Payable Common Stock, $1 par Paid-in Capital in Excess of Par-Common Retained Earnings $17 $10 30 148 $202 10 120 $143 Total Net Income for the year ended 12/31/2017 was $40 . Land was sold for $15. (Use the t-accts below to solve for the Gain or Loss on the sale) Cash esS on Sale of Land Land S5 Bal. no 35 Bal. Equipment was acquired for cash. . There were no disposals of Equipment during the year The Common Stock was issued for Cash. The cash received was $23. (Use t-accts below) Cash Common Stock Paid-In Capital 3 Bal. 10 Bal. -Bal. 30 Bal. Cash dividends declared for the year ended 12/31/2017 was $12. However, cash paid for Dividends was $11. (Use t-accts below) HINT: Record the declaration entry first. Then, record the cash paid for dividends. . Dividends Payable 0 Bal. Bal. Cash Dividends Alliance Structures, Inc. Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities: Net Income Add Less: Net Cash Flow from Operating Activities: Cash Flows from Investing Activities Add di Sale of d $ 35 Less: Net Cash Flow from Investing Activities: Cash Flows from Financing Activities: Add: Less Net Cash Flow from Financing Activities: Increase (Decrease) in Cash Cash at Beginning of Year Cash at End of Year