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BERRY CORPORATION Balance Sheets December 31, 2016 and 2015 Cash and cash equivalents Trade accounts receivable, net of allowance Inventory Prepaid expenses Long-term Investments S 30,000 410,000 300,000 $ 50,000 460,000 320,000 15,000 25,000 300,000 1,900,000 (800,000) 70000 S 2.300,000 Buildings & equipment Accumulated depreciation 2,000,000 Total current assets S 2,570,000 Accounts payable Accrued expenses Bonds payable Long-term note payable Common stock Paid-in Capital in excess of par Retained earnings S 120,000 50,000 800,000 S 300,000 500,000 150,000 200,000 710,000 670,000 S 2,570,000 60.000 550,000 620,000 S 2,300,000 Using the information above, prepare a Statement of Cash Flows for Berry Corporation Additional information about 2016 transactions and events: a Net income was $110,000. b Depreciation expense on buildings and equipment was $60,000. c Sold equipment with a cost of S50,000 and accumulated depreciation of $30,000 for cash of $17,000. d Declared and paid cash dividens of $60,000 e Issued a S150,000 long-term note payable for buildings and equipment. f Purchased long-term investments for $25,000. g Paid $300,000 on the bonds payable h Issued 20,000 shares of $2 par value common stock for $200,000 iPurchased land for $260,000

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