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The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as follows: Dec. 31. 2016 Dec. 31. 2015 Assets 3
The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as follows: Dec. 31. 2016 Dec. 31. 2015 Assets 3 Cash 5625,820.00$586,050.00 209,880.00 616,92000 000 240,910.00 0.00 554,110.00 (165.75000)148,570.00) Accounts receivable (net) 227530.00 209.8000 4 Inventories 6 Investments 7 Land 8 Equipment 9 Accumulated depreciation-equipment 641,480.00 327,510 70483000 5$4.1000 Total assets 52.36142000$2059.300.00 Liabilities and Stockholders' Equity 12 Accounts payable (merchandise creditors) 13 Accrued expenses payable (operating expenses) 4 Dividends payable 15 Common stock S4 par is Paid-in capital: Excess of ise price over par-common stock 17 Retained eamings $405,330100 51.640.00 19 840.00 98.000.00 417900.00 280.700.00 1.203.790.00 S2.361.420.002.059,300.00 5424.970.00 42.810.00 23.20000 158.000.00 1294 540.00 Total liabilties and stockholders' equity Additional data obtained from an examination of the accounts in the ledger for 2016 are as follows: A. The investments were sold for $280,020 cash. B. Equipment and land were acquired for cash. C. There were no disposals of equipment during the year. D. The common stock was issued for cash. E. There was a $186,520 credit to Retained Earnings for net income. F. There was a $95,770 debit to Retained Earnings for cash dividends declared. Prepare activities. Refer to the Labels and Amount Descriptions list provided for the exact choices for text entries. Be su section, use the minus sign to indicate cash outflows, decreases in c required. In the investing and financing activities section, use a minus sign only to indicate a NET ca outflow for the section. a statement of cash flows, using the indirect method of presenting cash flows from operating wording of the answer re to complete the heading of the statement. In the operating activities ash and a net cash outflow, if
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