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The operations of the Hamilton Hotel a small hotel operation are becoming more complex. Alexander Hamilton, the owner, has asked for your help in preparing

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The operations of the Hamilton Hotel a small hotel operation are becoming more complex. Alexander Hamilton, the owner, has asked for your help in preparing his statement of cash flows. He is able to present you with balance sheets and some additional information, Hamilton Hotel Balance Sheets December 31, 2015 and December 31, 2016 Assets 2015 2016 Change Cash 10.000 6.000 40001 Accounts Receivable 56,500 45.500 (11.000) triventory 6.000 6,000 0- Investments 20.000 25.000 5.000 Building & Equipment 2,200,000 2,325.000 125.000 Accumulated Depreciation (200.000) (250.000) 50.000 Total Assets 2.092.500 2.157.500 65.000 Liabilities & Stockholder's Equity Accounts Payable 18.000 21.000 3,000 Salaries Payable 5.000 2.000 (3.000) Interest Payable 1.000 4,000 3,000 Mortgage Payable (current) 55,000 55,000 -0 Dividends Payable 25.000 25,000 -0. Note Payable -0- 40.000 40,000 Mortgage Payable (Long Term) 1.575.000 1,520,000 (55,000) Common Stock 200,000 300,000 100.000 Retained Earnings 213,500 190,500 23.000 Total Liabilities & Stockholders Equity 2.092,500 2,157,500 65,000 Additional information: 1. Equipment costing $20,000, deprecated to $10,000 was sold for 58,000 2. An investment costing 55.000 was sold for $8.000 3. Equipment was purchased for 5145.000 4. Dividends declared during 2016 totaled 550.000 S. Assume only dividends declared and net income affected the retained earnings account 6. Assume all current liabilities are paid on a timely basis 7. Assume that the current amount of the mortgage payable was reclassified from the noncurrent mortgage Prepare a cash flow statement in proper format for Alexander

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