Question: Presented below is a condensed version of the comparative balance sheets for Buffalo Corporation for the last two years at December 31. 2017 2016 238,950
Presented below is a condensed version of the comparative balance sheets for Buffalo Corporation for the last two years at December 31. 2017 2016 238,950 105,300 243,000 249,750 99,900 324,000 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Comman stock Retained earnings 70,200 402,300 (143,100) (120,150) 180,900 216,000 414,450 203,850 216,000 238,950 Additional information: Investments were sold at a loss of $13,500; no equipment was sold; cash dividends paid were $40,500; and net income was $216,000 Prepare a statement of cash flows for 2017 for Buftalo Corporation (Show amounts that decrease cash Now with either a . sign .g.-15,000 or in parenthesis eg. (15,000).)
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