PRINTER VERSION BACK CES 2016 Here are comparative balance sheets for Velo Company. VELO COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $72,900 Accounts receivable 85,800 Inventory 170,100 Land 73,700 Equipment 259,700 Accumulated depreciation-equipment (66,200) Total $596,000 Liabilities and Stockholders' Equity Accounts payable $35,000 Bonds payable 151,000 Common stock ($1 par) 216,400 Retained earnings 193,600 Total $596,000 $32,600 71,300 186,800 100,200 200,200 (33,700) $557,400 dy $46,700 204,000 175,500 131,200 $557,400 Additional information: 1. Net income for 2017 was $102,800. 2. Cash dividends of $40,400 were declared and paid. 3. Bonds payable amounting to $53,000 were redeemed for cash $53,000. 4. Common stock was issued for $40,900 cash. 5. No equipment was sold during 2017, but land was sold at cost. Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.9.-15,000, or in parenthesis e.g. (15.000). VELO COMPANY Statement of Cash Flows V Sre to search w 2 te 12:54 AM 16 340) 1. Net nema for 2017 WAR $102,800 2. Cuth dividends of $40,400 were declared and paid 3. Bonds payable amounting to $53,000 were redeamed for each $53,000 Common stock was sued for $40,000 cash 5. No quipment was told during 2017, but land was so Prepare a statement cash flows for 2017 using the indeed method. Wow At that doen en with VELU COMPANY blant of Caluw V Adjustments to reconcile net income to V > > > > > > > > >> Click you would like to show Work this lini Type here to search