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URCES Condensed financial data of Bonita Company for 2017 and 2016 are presented below. BONITA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND
URCES Condensed financial data of Bonita Company for 2017 and 2016 are presented below. BONITA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2016 $1,810 1,120 1,790 1,330 1,940 1,870 1,740 2017 Study Cash Receivables Inventory Plant asset Accumulated depreciation Long-term investments (held-to-maturity) 1,570 (1,230 (1,150) 1,300 1,440 $7,110 $6,420 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $910 260 1,550 1,740 1,960 $7,110 $6,420 $1,220 200 1,370 1,860 2,460 BONITA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains $6,810 4,680 2,130 920 1,210 Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business 80 1,290 530 760 260 $500 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017. CALCULATOR PRINTER VERSION BACK Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e. (15,000).) BONITA COMPANY Statement of Cash Flows Adjustments to reconcile net income to 3 RESOURCES 3-11 23-12 re sults by Study ENT RESOURCES N 02 se 23-12 Score Results by Study ve Click if you would like to Show Work for this question: Open Show Work
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