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ALCULATOR Exercise 12-7 Shown below are comparative balance sheets for Shamrock Company Shamrock Company Comparative Balance Sheets December 31 Assets 2017 Cash $ 155,652 Accounts receivable 201,432 Inventory 382,263 Land 183,120 Equipment 595,140 Accumulated depreciation-equipment (151,074) Total $1,366,533 Liabilities and Stockholders' Equity Accounts payable $ 89,271 Bonds payable 343,350 Common stock ($1 par) 494,424 Retained earnings 439,488 Total $1,366,533 2016 $ 50,358 173,964 432,621 228,900 457,800 (73,248 ) $1,270,395 $ 98,427 457,800 398,286 315,882 $1,270,395 Additional information: 1. Net Income for 2017 was $212,877. 2. Depreciation expense was $77,826. 3. Cash dividends of $89,271 were declared and paid. 4. Bonds payable amounting to $114,450 were redeemed for cash $114,450. 5. Common stock was issued for $96,138 cash 6. No equipment was sold during 2017 7. Land was sold for its book value. Prepare a statement of cash flows for 2017 using the Indirect method. (Show amounts that decrease cash flow with either a sign og parenthesis e.g. (45,000)). wwwww CALCULATOR RCES work Shamrock Company Statement of Cash Flows Cash Flows from Operating Activities Study 212877 Net Income Adjustments to reconcile net income to ov 6 19. oe Help System Announcements CALCULATOR PRINTERVISION IT RESOURCES Homework 122 ore esults by Study . Cash at End of Period Click if you would like to show Work for this questiont Open Show Work LINK TO TEXT VIDEO SIMILAR KORE MIT ANSW Question Attempts of used TV 6 SOURCES mework CALCULATOR PRINTER VERSION by Study . Decrease in Accounts Payable Decrease in Accounts Receivable Decrease in Inventory Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Inventory Issuance of Common Stock Net Income Payment of Cash Dividends Purchase of Equipment Redemption of Bonds Sale of Land for this question: Open Show Work LINK TO TECT VIDEO SIMILAR EXERCISE TUENITA Question Attempts of used stv