SWIFTY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2016 $1,820 $1,140 1,290 1,860 1,710 2017 Cash Receivables Inventory Plant assets Accumulated depreciation 1,780 1,590 1,870 (1,220) (1,150) Long-term investments (held-to-maturity 1,270 1,420 $7,110 $6,270 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $880 240 1,580 1,680 1,890 $7,110 $6,270 $1,170 210 1,390 1,930 2,410 SWIFTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 $6,930 4,750 2,180 940 1,240 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains 80 1,320 540 780 260 $520 Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017. SWIFTY COMPANY Statement of Cash Flows For the Year Ended December 31,2017 (Direct Method) Cash Flows from Operating Activities $6,9 Cash Receipts from Customers 4,75 540 940 Cash Paid for Merchandise Cash Paid for Income Taxes Cash Paid for Selling/Administrative Expenses Net Cash Provided by Operating Activities Cash Flows from Investing Activities 160 Purchase of Plant Assets Purchase of Held-to-Maturity Investments Net Cash Provided by Investing Activities Cash Flows from Financing Activities 190 250 260 Redemption of Bonds Payable Issuance of Capital Stock Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period 680 1,1 1,8 Noncash Investing and Financing Activities Issuance of Common Stock for Plant Assets