Question: A comparative balance sheet and income statement for 2017 are presented below for Swan Furnace Cleaners Complete the statement of cash flows for the company

A comparative balance sheet and income statement for 2017 are presented below for Swan Furnace Cleaners Complete the statement of cash flows for the company using the indirect method Please make sure your final answers) are accurate to 2 decimal places Additional information regarding the statements. a Bonds were issued and received $5 COD cash b. $8,000 cash was received from the sale of a held to maturity investment c. Equipment was purchased for $20,000 cash. d. Furniture was sold at cost for S20,000 cash. e A held for trading investment was purchased for $11,000 cash f. Held for Trading investments are made up of shares in companies listed in the NYSE, which are bought and sold for a profit g. Issued 2,300 common shares for $5 per share. Swan Furce Cleaners Cash Flow Statement For the year ended December 31, 2017 $467,000 Swan Furnace Cleaners Income Statement For the year ended December 31, 2017 Sales Operating expenses Cost of goods sold__ 280 200 Depreciation expense 11.000 Interest expense. -- 8,640 Amortizabon expense, patents 10,000 Remaining expenses 81,800 Income from operations Other revenues and experts Gain on sale of HTM investments Met income 392,140 74,680 7,000 $81.860 Swan Fumace Cleaners Balance Sheet As of December 31 2017 2016 Cash------ $31,000 $34,000 Investments (hold for trading) 42,500 31,500 Accounts receivable 97,500 94.500 Prepaid insurance_ 34000 45,500 Inventory 121 000 126,000 HTI investments 37 000 23 000 Property plant and equipment, net 48,600 57,600 Patents 90,500 101,000 Total sels $495,000 $583,000 Accounts payable $49,600 $68,000 Accrued expenses payable 41,500 25,000 Short-term holes payable 42,000 59,500 Bonds payable 149,000 144,000 Didends payable 71,000 72,000 Common shares 51,000 39,500 Retained earnings 89,000 137,000 Total labities and shareholders' equity __ $495,000 $523 000
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