Use the following financial statements and additional information to 1. prepare a statement of cash flows for the hear ended december 31,2017 using the indirect method 2. compute the companys cash flow on total assets ratio for 2017

Deiby Company Income Statement For Year Ended December 31, 2017 Derby Company Balance Sheets At December 31 10 $492,000 2016 Sales $23254 48.000 08,280 6.500 12 Assets 13 Cash 14 Accounts receivable, net 15 Merchan 16 Prepaid enpenses sold $56,.40 Depreciation e Othet oper $69,80 69,65 59.645 9.6 265,600 56,750 154,85 13.68 245,600 Net operatinginco Othergains llosses) Gain on sale of ea Income before tawes ncome tanes epense Net income 96.680 18 Accumulated depreciation-Equipment 19 Total assets 20 Liabilses 21 Accoures payable 22 Income tanes payable 23 Notes payable long teem 24 Totaliabilties 488 7S 103.88 $429.68 33.64 40 45.45 2.2 132.69D 26 Common stock 27 Paid-in capital in ewcess of par 48,00 40.000 28 Retained e 29 Total equi 30 Tota abilries and equity 31 Cash Flow Preparation Cash Flow Analysis Levi Strauss Statements of Cash 51 52 53 54 Depreciation expense 55G 56 Net cash provided by operations 57 Cash flows from investing activities 58 Cash received from sale of equipment Decrease in prepaid expenses Increase in accounts payable Increase in income taxes payable Gain on sale of equipment 59 Cash paid for purchase of equipment 60 Net cash used by investing activities 61 Cash flows from financing activities 62 Cash received from stock issuance 63 Cash paid for retirement of note payable 64 Cash paid for cash dividends 65 Net cash used by financing activities 66 Net increase in cash 67 Cash balance at beginning of year 68 Cash balance at end of year Cash Flow Preparation Cash Flow Analysis Levi Strauss Statements of Cash