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Kieso, Intermediate Accounting, 16e Help I System Announcements CALCULATOR PRINTER VERSION 8 SSIGNMENT RESOURCES Exercise 23-11 Condensed financial data of Bonita Company for 2017 and 2016 are presented below. est 3 Extra Credit Review Score Review Results by Study Objestive BONITA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 $1,830 1,180 1,7101,320 1590 1,920 1,890,710 (1,220) (1,190) 1,320 1.440 2016 Cash Receivables Plant assets Accumujated depreciation Long-term investments (held-to-maturity) $7,120 $6,380 Accounts payable Accrued Sabilities Bonds payable Common stock Retained earnings $1,190 210 $890 260 1,580 1.9401.660 1,990 $7,120 $6,380 1,400 I 2,380 BONITA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses $6,720 4,680 920 Income from operations 1,120 Other revenues and gains Gain on sale of investments Incorne before tax Income tax expense Net income Cash dividends income retained in business 80 50 Additional information During the vear, $70 of common stock was issued in exchange for plant assets. No plant assets were soid in 2017 Prepare a statement of cash flows using the indirect method (snow amounts that decrease cash How wwith either a sign e.g. -15,000 or in parenthesis e.g.(15 000)) BONITA COMPAN By accessing this Question Assistance, you wil leern whle you eam points based on the Point Potential Polcy set by your nstructor