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The comparatve balace sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as tollows Dec. 31, 2016 Dec. 31, 2015 Assets 586230.00
The comparatve balace sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as tollows Dec. 31, 2016 Dec. 31, 2015 Assets 586230.00 208,850.00 617,650.00 40,620.00 0.00 53,320.00 (165,31000) 147,840.00) 2,361,010.00 $2058.830.00 625.680.00 228,100.00 640,910.00 0.00 28,090.00 704,540.00 Cash Accounts receivable (net s Inventories Investments Land s Equipment Total assets Liabilities and Stockholders Equity 425,280.00$ 404550.00 2,020.00 0,170.00 105,000.00 79,900.00 196,190.00 2,361,010.00 $2058.830.00 Accounts payable (merchandise creditors 1,990.00 4,190.00 142,000.00 416,700.00 310,350.00 Accrued expenses payable (operating expenses 34 Dividends payable 15 Common stock, $4 par Paid-in capital: Excess of issue price over par-common stock 17 Retained eanings Total liabilities and stockholders equity Addi tonal data obtained from an examination of the accounts in the ledger for 2016 are as tallows A TheInvestments were sold for $279,190 cash. 5. Equipment and land were acquired for cash. C. There were no disposals ofequipment during the year D. The common stock was lssued for cash. E. There was a $211 240 credto Retained Earnings for net income . There was a $95,580 dedit to Retained Earnings for cash dvidends decliared. Prepare a statement afcash ows, using the inalrect methodl ar presenting cash answer choices for text entrles Be sure to complete the heading ar he statement in the operating actiwities section, use the minus sign to inalcate cash oumows, decreases in cash and a ne cash outow ifrequired in the Investing and nancing activities section, use a minus sign only to inalcate a NET cash outflow for the section Refer to the Labels and Amount Descriptions Wst provilaed for the exact wording ar he
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