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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 Net Loss for
Take Home Problem #1- Acctg 202 PART A Like Corp balance sheet is below with the management narrative: Comparative Balance Sheet-Like Net Loss for the period was $3. The company sold equipment for $22 that was originally purchased for $44. . The sold asset had accumulated depreciation of $27. 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. Assets Cash Accounts Receivable Inventory PP&E Accum Depr Total Assets 12/31/2015 12/31/2016 9 $ 87 S 73 S 35 $ 53 54 $ 33 S 453 $ 514 (329) (353) 300 S 320 Liabilities & Equity Accounts Payable 25 $ 31 Accrued Liabilities $ 17 S 28 Income Tax Payable 36 $ 27 Bonds Payable 107 $ 128 Common Stock $ 50 $ 51 Retained Earnings 65 $ 55 Total Liabilities & Equity 300 $ 320 Required: Construct, in good form, the company's Statement of Cash Flows for the period, using the indirect method. (15pts)
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