THIS is your "Bob -Homework" Prob 13-9B This problem is NOT in your textbook Prob 13-1B & Required: below this problem B (next page) are the "working papers" for you to complete and then submit to the instructor.. by the due date. P13-1BCondensed financial data of Saffordville Company are shown below Complete the table indicating whether each item (1) affects operating (O) activities, investing () activities, financing (F) activities, or is a noncash (NC) transaction reported in a separate schedule, and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach Activities "Key" (O) Operating; () investing; (F) financing; or (NC) noncash transaction Stmt of Cash Flows Inflow or No Effect? Affected ecorded depreciation expense on the plant assets. ecorded and paid interest expense. ecorded cash proceeds from a disposal of plant assets d land by issuing common stock. aid a cash dividend to preferred s aid a cash dividend to common stockholders. ecorded cash sales. ecorded sales on account. inventory for cash. urchased inventory on account Inflow; Outflow; No Effect. P13-9BCondensed financial data of Saffordville Company are shown belovw SAFFORDVILLE COMPANY Comparative Balance Sheets December 31 17 2016 20 Asets Cash $102,700 33400 60,800 37.000 126,900 10265 79,500 107,000 315,000 205.000 640,400 $44550 Accounts payable Accrued expenses payable Bonds payable Commmea steck Retained earnings 57.700 $ 48,280 15.100 18830 145,00 70,000 5,0 200,000 172.600 107,940 4400 5445050 SAFFORDVILLE COMPANY Iscome Statement Fer the Year Ended December 31,2017 $297.500 Sales revenue Gain on dispesal of plant assets Less: Cost of geeds sold Operating espenses, excluding 19,670 30,500 37,27 Income tax expense Interest espense 2,940 189.840 $112.660 Additional information: . New equipment costing $146,000 was purchased for cash during the year 2. Investments were sold at cost. 3. Equipment costing $36,000 was sold for S15,000, resulting in a gain of $5,000 4.A cash dividend of $48,000 was declared and paid during the year Instructions Prepare a statement of cash flows using the indirect method Additional information: 1. New equipment costing S146,000 was purchased for cash during the year 2. Investments were sold at cost. 3. Equipment costing S36,000 was sold for $15,000, resulting in a gain of $5,000 4. A cash dividend of S48,000 was declared and paid during the year Instructions Prepare a statement of cash flows using the indirect method. PROBLEM 13-9B SAFFORDVILLE COMPANY Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from t Income djustments to Reconcile Net Income to Activities Cash Provided Net Cash Provided by Operating Activities 95,800 sh Flows from Investing Activities: Net Cash Used by Investing Activities Cash Flows from Financing Activies et Cash Provided by Financ t Increase in Cash ash at Beginning of Period Cash at End of Period