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The questions are attached. Assets Cash .................................... $ 27,000 Accounts receivable ...................... 53,000 Inventory ................................ 103,000 Prepaid expenses ........................ 12,000 PPE ..................................... 360,000 Accumulated depreciation

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Assets Cash .................................... $ 27,000 Accounts receivable ...................... 53,000 Inventory ................................ 103,000 Prepaid expenses ........................ 12,000 PPE ..................................... 360,000 Accumulated depreciation ................ (87.000) Intangible assets ......................... 43,000 Total assets .............................. $511,000 Liabilities and Stockholders' Equity Accounts payable ........................ $ 32,000 Interest payable .......................... 4,000 Income tax payable ...................... 6,000 Bonds payable ........................... 60,000 Common stock ........................... 252,000 Retained earnings ........................ 157,000 Total liabilities and equity ................. $511,000 [2' I g 2017, the company sold for $17,000 cash old equipment that had cost $36,000 and had $19,000 accumulated depreciation. Also in 2017, new equipment worth $60,000 was acquired in exchange for $60,000 of bonds payable, and bonds payable of $120,000 were retired for cash at a loss. A $26,000 $ 18,000 48,000 109,000 10,000 336,000 (84,000) 50,000 $487,000 $ 25,000 7,000 8,000 120,000 228,000 98,000 $487,000 cash dividend was declared and paid in 2017. Any stock issuances were for cash. Required (1. Compute the change in cash that occurred in 2017. b. Prepare a 2017 statement of cash flows using the indirect method. c. Prepare separate schedules showing (1) cash paid for interest and for income taxes and (2) noncash investing and financing transactions

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