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Ward Company's comparative balance sheets for December 31 of 2018 and 2017 are shown below. Assets Dec 31, 2018 Dec 31, 2017 Increase Decrease $
Ward Company's comparative balance sheets for December 31 of 2018 and 2017 are shown below. Assets Dec 31, 2018 Dec 31, 2017 Increase Decrease $ 103,800 $ 63,200 $ 40,600 Cash Accounts Receivable (net) 12,500 1,000 Inventory 700 Prepaid Expenses $ 600 13,500 32,200 7,900 74,000 (23,800) $ 207,600 Plant Assets 31,500 8,500 50,000 (18,100) $ 147,600 24,000 Accumulated Depreciation 5,700 Total Assets Liabilities and Stockholders' Equity Accounts Payable $ 17,400 $ 13,700 3,700 Wages Payable 5,600 2,400 3,200 Income Tax Payable 3,400 3,500 100 Bonds Payable 43,000 ----- 43,000 Common Stock, $10 par 60,000 10,000 70,000 50,000 Additional Paid-in Capital 35,000 15,000 abilities and Stockholders' Equity Accounts Payable $ 13,700 3,700 $ 17,400 5,600 Wages Payable 2,400 3,200 Income Tax Payable 3,400 3,500 Bonds Payable 43,000 43,000 Common Stock, $10 par 70,000 60,000 10,000 Additional Paid-in Capital 50,000 35,000 15,000 Retained Earnings 24,000 33,000 9,000 (5,800 5,800 Treasury Stock Total Liabilities and Stockholders' Equity $ 207,600 $ 147,600 The following information is taken from Ward's financial records. . During 2018, equipment was sold for $24,000. The equipment had an original cost of $26,000 and a current book value of $18,000. 1,000 shares of common stock were issued for $25 per share. Depreciation expense for 2018 was $13,700. Net income for the year was $6,000. Required: Prepare the investing activities section of the statement of cash flows for Ward Company, indirect method. Note: The operating activities and financing activities sections have been completed. Investing Activities Cash received from: (Choose one) Cash paid out for: (Choose one) Net Cash Flow from (used for) Investing Activities
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