Accounting Boot Camp Income Statement for the year ended December 31,2016 ROBLEM Accounting Boot Camp...
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Accounting Boot Camp Income Statement for the year ended December 31,2016 ROBLEM Accounting Boot Camp Balance Sheet as of December 31,2016 and 2015 Sales revenue Gain on sale of investments $4,100 400 4,500 Cash Accounts receivable Prepaid rent Property, plant, and equipment Less: Accumulated depreciation Investments Total assets 20162015 S 3,100 300 500 500 4,200 3,000 (1,200)(1,000) 1,200 800 Salaries expense Rent expense Insurance expense Depreciation expense Interest expense Loss on sale of property, plant, and equipment Tax expense Net income 1,000 500 300 400 100 500 S 1,600 $1,650 50 Salaries payable Dividends payable Taxes payable Notes payable Common stock Retained earnings Total liabilities and shareholders' equity 100 200 Additional Information 3,000,200 4,900 2,800 The company signed a note in the amount of $2,000 in exchange for some property, plant, and equipment. No new investments were made during the year * S10,100 " REQUIRED Using the indirect method, prepare a statement of cash flows for the year ended December 31,2016
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