Can you check my figures using the provided data? The cash flow statement is set how the instructor has asked for it to be formatted. I think my Cash and cash equivalents, end of period 50,266, are incorrect. That it should be 16,566 (end of period 2016)

Bob Smith, Inc. Common-Size Balance Sheet (Both % columns need to be completed) Assets 2017 2016 Current Assets Cash 33,411.00 1% $ 16,566.00 1% XYZ Bank told Bob to increase cash to $70,000 from 2016 to 2017. But cash increased from $16,566 in 2016 to just $33,411 in 2017, well short of Accounts Receivable 260,205.00 10% $ 318,768.00 13% $70,000. In this assignment, you will review six select changes in the Balance Sheet accounts, highlighted in yellow, to better understand how these Inventory 423,819.00 6% s 352,740.00 individual account changes impact overall cash flows. 14% Other Current Assets 41,251.00 2% S 29,912.00 1% Total Current Assets $ 758,686.00 $ 717,986.00 2017 and Needed to foot the Cash Flow Statement all the way 2016 Comparative back to 2017 cash position. ASSETS 2017 Net Income $3,155,848 Fixed Assets 2016 Items 1 to 6. Note the $ value Depreciation 212,366 PP&E $ 1,512,675.00 57% $ 1,403,220.00 55% effect on Cash. Did the change in Dividends Paid 2,966,412 Goodwill other assets 382,145.00 14% $ 412,565.00 16% balances from one year to the Tax 225,700 Total Fixed Assets $ 1,894,820.00 $ 1,815,785.00 next create (+) or 'use' (-) cash? Note the accounting or finance Total Assets $2,653,506.00 $2,533,771.00 issue related to each of the six Cash $ $ 33,411 $ $ 16,566 accounts reviewed Liabilities & Equity 2017 2016 Accounts Receivable S 260,205 318,768 Current Liabilities Accounts Payable 378,236.00 35% $ 332,004.00 29% Inventory 423,819 S 352,740 71,079 Wages Payable 14,487.00 $ 7,862.00 Accrued Income Taxes 21,125.00 2% S Other current assets 16,815.00 1% 41.251 29.912 (1 1,339) Total Current Assets 758.686 $ 413,848.00 717,986 Total Current Liabilities $ (40.700 356,681.00 Long Term Liabilities Plant Property and Equipment 1.512.675 S 1.403,220 109,455 Long-Term Debt: Bank Notes $ 679,981.00 62% $ 793,515.00 69% Goodwill and other assets 382.145 412.565 30.420 Total Long Term Liabilities Total Assets 2.653.506 2.533.771 [119.735) Total Liabilities $1,093,829.00 $1,150,196.00 LIABILITIES AND EQUITY Equity Accounts Payable S 378.236 8 332.014 46,232 Total Common Equity $1,559,677.00 $1,383,575.00 Total Liabilities & Equity $2,653,506.00 $2,533,771.00 Waves Payable 14.487 Z.862 6,625 Accrued income taxes 21.125 S 16815 4310 Total Current Liabilities s S 413,848 S S 356.681 57,167 Bob Smith, Inc. Statement of Cash Flows Long-Term Debt: Bank Notes 679.981 8 793.515 (113,534) For the Year Ended December 31, 2017 provided in the data worksheet. ) Total Liabilities 1,093,829 1,150,196 (56,367) Period Ending: Dec-17 Total Common Equity 1.559.677 1,383.575 176,102 Total Liabilities and Equity 2.653.506 $ 2.533.771 119.735Bob 5mith, Inc. Statement of Cash Flows For the Year Ended December 31, 2017 provided in the data worksheet.) . . Period Ending: Dec-17 Cash flows from operating activities: Net income (loss) Depreciaiton Accounts Payable Accounts Receivable Wages Payable Accrued Income Taxes Other Current Assets (subtract) Inventories subtract Net cash from Operations 3,401,526 Cash flows from investing activities: Sale of Goodwill 30420 (109,445) PP&E subtract Net cash from Investments (79.025) Cash flows from financing activities: Bank Notes (subtract) (113,534] Dividends paid [subtract) (2,966,412) Tax subtract Net cash used in financing activities 3.305,646