You have been provided the following cash flow activities about Arcola Inc. for the year ended December
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You have been provided the following cash flow activities about Arcola Inc. for the year ended December 31, 2017. Organize this information into a statement of cash flows. Use Leon’s statement in Exhibit 2.1 as a model. Be sure to provide a reconciliation to the cash balance on December 31, 2017:
• Cash balance on December 31, 2016 ..........$ ?
• Cash balance on December 31, 2017 ..........19,000
• Cash from operations ................184,000
• Dividends paid to shareholders ..............50,000
• Sale of commons shares to new investors .........310,000
• Purchase of investments in other companies .......350,000
• Sale of old equipment .................25,000
• Purchase of land ...................175,000
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