Please use either MS Word or Excel to do the problem.

Your answers should include:

1. accounts for each of the activities

2. the complete Statement of Cash Flow.

Prepare a statement of cash P17-9B Condensed financial data of Minnie Hooper Company are shown below. (LO 20, AP MINNIE HOOPER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 93,600 33,400 ts receivable 63,200 37,000 Inventory 124,500 102,650 79,500 107,000 nvestments 205,000 Plant asscts 318,000 Accumulated depreciation (44,000) (40,000) $634,800 $445,050 Total Liabilities and Stockholders' Equity 56,600 48,280 Accounts payable Accrued expenses payable 15,100 8,830 Bonds payable 140,000 70,000 Common stock 250,000 200,000 Retained earnings 173,100 107,940 $634,800 $445,050 Total MINNIE HOOPER COMPANY Income Statement For the Year Ended December 31, 2017 $297,500 Sales revenue Cost of goods sold $99,460 operating expenses, excluding depreciation expense 19,670 Depreciation expense 25,000 Loss on disposal of plant assets 5,000 Income taxes 37,270 Interest expense 2,940 189,340 $108,160 Net income Additional information: 1. New plant assets costing $149,000 were purchased for cash during the year. ts were sold at cost. 3. Plant assets costing $36,000 were sold for S10,000, resulting in a loss of$5,000. 4. A cash dividend of $43,000 were declared and paid during the ycar. Cash from operations $94,700 Prepare a statement of cash flows using the indirect method