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Take Home Problem #1 - Acctg 202 PART A Like Corp balance sheet is below with the management narrative: Comparative Balance Sheet - Like
Take Home Problem #1 - Acctg 202 PART A Like Corp balance sheet is below with the management narrative: Comparative Balance Sheet - Like Assets Cash Accounts Receivable Inventory PP&E Accum Depr Total Assets 12/31/2015 12/31/2016 sss is si $ 87 $ 73 $ 35 $ 43 $ 54 $ 43 $ 453 $ 499 $ (329) $ (343) $ 300 $ 15 315 .Net Loss for the period was $7. The company sold equipment for $5 that was originally purchased for $20. The sold asset had accumulated depreciation of $20. The company paid a cash dividend during the year and did not pay-off any bonds payable or repurchase any of its own common stock. Liabilities & Equity Accounts Payable $ 25 $ 31 Accrued Liabilities $ 17 $ 33 Income Tax Payable $ 36 $ 32 Bonds Payable 107 $ 111 Common Stock $ 50 $ 53 Retained Earnings $ 65 $ 55 Total Liabilities & Equity 300 $ 315 Required: Construct, in good form, the company's Statement of Cash Flows for the period, using the indirect method. (15pts)
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