statement of cash flows for 6. Use the following financial statements and additional information to prepare the year ended December 31, 2017 using the indirect method. Be able to calculate Cash Flow on Total Assets and describe why that ratio is important SATU COMPANY Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 15,700 173.933 Other expenses Income before taxes Income taxes expense 1 coldsto Net income Cashflows from operating activities Additional Information: The Company declared and paid $60,000 of Cash dividends in 2017 $750.800 269.200 481.600 Adjustments to reconcile net income to net cash provided by operations Cashflows from financing activities Net cash provided by operating activities Cashflows from investing activities 14 Mc Net cash used in investing activities Net increase in cash Cash balance at Beginning of Year Cash balance at End of Year 189.633 291,967 brod Liabilities and Equity 89,200 Accounts payable $202.767 Net cash used in financing activities Assets Cash 10 SATU COMPANY Comparative Balance Sheets December 31, 2017 and 2016 Accounts receivable Total current assets Inventory Equipment Accum. depreciation-Equipment Total assets Income taxes payable Total current liabilities 2017 vob$ $ 58.750 S 28.400 20.222 25.860 78.972 54,260 165.667 140,320 107.750 77.500 (46.700) (31.000) $305.689 $241.080 Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings Total liabilities and 000 $20.372 $157.530 2.100 6.100 22.472 163.630 COMOTOO & CAMCASTRAHO od wond 8 bnU 2016 40.000 25,000 68,000 20.000 175.217 32.450 $305.689 $241.080 beerhavo beilqgs lovo $ ponown aboo berlaina po

6. Use the following financial statements and additional information to prepare a statement of cash flows for the year ended December 31,2017 using the indirect method. Be able to calculate Cash Flow on Total Assets and describe why that ratio is important Additional Information: The Company declared and paid $60,000 of Cash dividends in 2017 Cashflows from operating activities Adjustments to reconcile net income to net cash provided by operations Net cash provided by operating activities Cashflows from investing activities Net cash used in investing activities 6. Use the following financial statements and additional information to prepare a statement of cash flows for the year ended December 31,2017 using the indirect method. Be able to calculate Cash Flow on Total Assets and describe why that ratio is important Additional Information: The Company declared and pald 560,000 of Cssh dividends in 2017 Cashflows from operating activities Adjustments to reconcile net income to net cash provided by operations Net cash provided by operating activities $ Cashflows from investing activities Net cash used in investing activities