The following are the financial statements of Nosker Company NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $36,600 $20,100 Accounts receivable 32,500 19,600 Inventory 30,100 20,100 Equipment 59,700 77,400 Accumulated depreciationequipment (29,200 ) (23,000 ) Total $129,700 $114,200 Liabilities and Stockholders Equity Accounts payable $28,700 $16,800 Income taxes payable 7,400 8,400 Bonds payable 27,300 32,500 Common stock 17,700 13,000 Retained earnings 48,600 43,500 Total $129,700 $114,200 NOSKER COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenue $243,000 Cost of goods sold 176,000 Gross profit 67,000 Operating expenses 24,600 Income from operations 42,400 Interest expense 3,900 Income before income taxes 38,500 Income tax expense 8,800 Net income $29,700 Additional data 1 Dividends declared and paid were $24,600 2 During the year equipment was sold for $8,900cash This equipment cost $17,700originally and had a book value of $8,900 at the time of sale 3 All depreciation expense, $15,000, is in the operating expenses 4 All sales and purchases are on account Further analysis reveals the following 1 Accounts payable pertain to merchandise suppliers 2 All operating expenses except for depreciation were paid in cash Warning Don't show me this message again for the assignment Ok Cancel Prepare a statement of cash flows for Nosker Company using the direct method (Show amounts that decrease cash flow with either a sign e g 15,000 or in parenthesis e g (15,000) ) NOSKER COMPANY Statement of Cash Flows $ cash payments $ $ Warning Don't show me this message again for the assignment Ok Cancel Compute free cash flow (Enter negative amount using either a negative sign preceding the number e g 45 or parentheses e g (45) ) Free cash flow $

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The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $36,600 $20,100 Accounts receivable 32,500

The following are the financial statements of Nosker Company.

NOSKER COMPANY Comparative Balance Sheets December 31
Assets	2017	2016
Cash	$36,600	$20,100
Accounts receivable	32,500	19,600
Inventory	30,100	20,100
Equipment	59,700	77,400
Accumulated depreciationequipment	(29,200	)	(23,000	)
Total	$129,700		$114,200
Liabilities and Stockholders Equity
Accounts payable	$28,700	$16,800
Income taxes payable	7,400	8,400
Bonds payable	27,300	32,500
Common stock	17,700	13,000
Retained earnings	48,600		43,500
Total	$129,700		$114,200

NOSKER COMPANY Income Statement For the Year Ended December 31, 2017
Sales revenue	$243,000
Cost of goods sold	176,000
Gross profit	67,000
Operating expenses	24,600
Income from operations	42,400
Interest expense	3,900
Income before income taxes	38,500
Income tax expense	8,800
Net income	$29,700

Additional data:

1.	Dividends declared and paid were $24,600.
2.	During the year equipment was sold for $8,900cash. This equipment cost $17,700originally and had a book value of $8,900 at the time of sale.
3.	All depreciation expense, $15,000, is in the operating expenses.
4.	All sales and purchases are on account.

Further analysis reveals the following.

1.	Accounts payable pertain to merchandise suppliers.
2.	All operating expenses except for depreciation were paid in cash.

Warning

Don't show me this message again for the assignment

Ok Cancel

Prepare a statement of cash flows for Nosker Company using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)