The comparative balance sheets of Vaughn Inc at the beginning and the end of the year 2017 are as follows VAUGHN INC BALANCE SHEETS Dec 31, 2017 Jan 1, 2017 Inc Dec Assets Cash $ 47,100 $ 15,100 $32,000 Inc Accounts receivable 95,620 90,520 5,100 Inc Equipment 43,620 24,520 19,100 Inc Less Accumulated Depreciation Equipment 21,620 11,000 10,620 Inc Total $164,720 $119,140 Liabilities and Stockholders Equity Accounts payable $ 24,620 $ 17,520 7,100 Inc Common stock 102,100 82,520 19,580 Inc Retained earnings 38,000 19,100 18,900 Inc Total $164,720 $119,140 Net income of $48,620 was reported, and dividends of $29,720 were paid in 2017 New equipment was purchased and none was sold Prepare a statement of cash flows for the year 2017 (Show amounts that decrease cash flow with either a sign e g 15,000 or in parenthesis e g (15,000) )

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The comparative balance sheets of Vaughn Inc. at the beginning and the end of the year 2017 are as follows. VAUGHN INC. BALANCE SHEETS Dec.

The comparative balance sheets of Vaughn Inc. at the beginning and the end of the year 2017 are as follows.

VAUGHN INC. BALANCE SHEETS
	Dec. 31, 2017	Jan. 1, 2017	Inc./Dec.
Assets
Cash	$ 47,100	$ 15,100	$32,000	Inc.
Accounts receivable	95,620	90,520	5,100	Inc.
Equipment	43,620	24,520	19,100	Inc.
Less: Accumulated Depreciation-Equipment	21,620	11,000	10,620	Inc.
Total	$164,720	$119,140
Liabilities and Stockholders Equity
Accounts payable	$ 24,620	$ 17,520	7,100	Inc.
Common stock	102,100	82,520	19,580	Inc.
Retained earnings	38,000	19,100	18,900	Inc.
Total	$164,720	$119,140

Net income of $48,620 was reported, and dividends of $29,720 were paid in 2017. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)