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2016 2015 $ Current Assets: Cash Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Accrued Liabilities 78,300 $ 14,500 63,900 18,000 21,200 59,200 $ 31,100 31,600 $ 10,600 11,900 More Info $ Payment of cash dividends Purchase of equipment with cash Issuance of long-term notes payable to borrow cash Issuance of common stock for cash 14,200 Depreciation expense 54,900 Purchase of building with cash 44,000 Net income 17,600 100,000 60,600 106,000 Print Done Requirement 1. Prepare the statement of cash fows of Carson Educational Supply for the year ended December 31, 2016. Use the Indirect method to reports fows from operating activities (Une parentheses or a minun be subtracted a box is not used in the statement, leave the box emply do not select a label or enter a zero forume Complete the Matement one section at a time, beginning with the cash flows from operating activities Carlson Educational Supply Statement of Cash Flows Year Ended December 31, 2016 Cash Fows from Operating Activities: Net Income Numents to Heconde Net Income is Net Cash Provided by Used for Operating Activities Net Cash Provided by (Used for) Operating Activities te number in the input gids and then continue to the next question O SIL) Carlson's transactions during 2016 included the following: (Click the icon to view the transactions.) Read the requirements Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2015 Cash Balance, December 31, 2016 Choose from any list or enter any number in the input fields and then continue to the next question. 1, 2016, reported the following: Click the icon to view the comparative balance sheet) Carlson's transactions during 2016 included the following: (Click the icon to view the transactions.) Read the requirement Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2015 Cash Balance, December 31, 2016 Requirement 2. Evaluate Carlson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation Complete the following statements to evaluate Carlson's cash flows. Operations are cash The company is plant assets. There is more financing by than by Cash Y during the year. For the reasons given above, Carlson's cash flows look Requirement 3. If Carlson plans similar activity for 2017, what is its expected free cash flow? (Use a minus sign or parentheses for a negative free cash flow investments in long-term assets; NCOA * Net cash provided by operating activities; NCFA - Net cash provided by financing activities.) Select the labels and enter the amounts to calculate Carlson's expected free cash flow for 2017 Free cash flow Choose from any list or enter any number in the input fields and then continue to the next