Statement of Cash Flows (SCF) - Tri-City Limited (TCL) Student Working Papers - YOU KEEP THESE - No KEY is posted for this question Following are the Statements of Financial Position and Comprehensive Income for Tri-City Limited, (TCL) a widely traded company, for the years ended December 31, 2016 and 20:17 followed by additional information. Tri-City Limited Statements of Financial Position As at December 31st 2017 2016 Change Cash $3,1 106,600 $2,376,000 $730,600 Accounts receivable 1,752,000 1,900,000 (148,000) CR Allowance for doubtful accounts (120, 500) (110,000) 10,500 Inventories 1, 145,000 875,000 270,000 Prepaid expenses 84,000 62,000 22,000 Investments, significant influence 3,097,000 3,000,000 97,000 Investments, FV-OCI 390,000 150,000 240,000 Property, plant and equipment 16,837, 628 11 217 628 5,620,000 Assets under capital lease 145,000 ano Wastux 145,000 Accumulated depreciation, total (1,829,000) (1,600,000) 229,000 Intangible assets 71,500 128,000 (56,500) $24,679,228 $17,998,628 Accounts payable $875 000 $850,000 $25,000 Salaries payable 25,000 15,000 10,000 Income taxes payable 13,400 27,000 (13,600) Dividends payable - od to get GasVaidi 35,000 60,000 (25,000) Current portion of long term debt 29,000 21,000 8,000 CP+NCP - CLADMae Bonds payablexnew 10,000,000 5,000,000 5,000 ,000 Discount on bonds payable (247,000) (270,000) (23,000) Deferred income taxes abilityCinc -er as 180,000 88,000 92,000 Other long term liabilities 562,000 3,000,000 (2,438,000) Lease liability_ Cels $IsV) NON 140,000 0 140,000 Asset Retirement Obligation Cin+ )dif 526,212 417,628 108, 584 Accrued Pension Liability 4 294,000 276,000 18,000 Common stock, $10 par $3,200,000 $1,500,000 $1,600,000 Convertible preferred, $100 par 500,000 2,000,000 (1,500, 000) Additional paid in capital! " + Svvpwy 3,920,000 1,200,000 2,720,000 Contributed surplus, stock options 40,000 40 ,000 Retained Earnings 4,559,616 3,736,000 823,616 Accumulated Other Comprehensive Inc. 27,000 78,000 (51,000) $24,679,228 $17,998,628 ITCL records any amounts received above the par value of stock classes in the Additional paid in capital account. This is not a Contributed Surplus account.Tri - City Limited Statement of comprehensive Income For the year ended December 31 , 2017 Sales $6 , 200, 000 Cost of sales .. 3 . 687 702 Gross profit 2. 512 298 Compensation expense $ 1 650,000 Depreciation expense (24 4 , 00 0 ) Amortization of intangibles 16.500 Bad debt expense 38.500) Pension expense 70.000 Other operating expenses 345 000 Other Income from equity held investment 1 15 000 Loss on capital asset sales , net 40.000 Gain on sale of investments 108 000 Gain on sale of patent 950 000 Interest and dividend revenue . . 13 000 Interest expense 590 , 282 Operating income before tax 1 614 , 016 Income tax ........ (740 , 400 ) Net income $873 616 Other comprehensive income ( loss ) $ 51 000 ) net comprehensive income $822 616