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2017 C264,110 2016 0242,500 Assets Equipment Accumulated depreciation- equipment Long-term investments Prepaid expenses Inventory Accounts receivable Cash Total (46,360) 140,170 29, 190 112,690 91,600 107,600 C699,000 (52,440) 114,150 25,330 102,320 33,030 48,020 512.910 Equity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable Total 220,450 232,950 118,120 111,070 16,410 C699,000 174,560 103,840 149,860 67,640 17,010 512,910 391,680 4,370 396,050 135,350 Sales revenue Gain on disposal of plant assets Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Net Income 12,020 44,620 27,910 4,060 223,960 172,090 Additional information: New equipment costing 80,440 was 1. purchased for cash during the year. Old equipment having an original cost of 58,830 and accumulated 2. depreciation of 50,700 was sold for 12,500 cash. Bonds payable matured and were paid 3. off at face value for cash. A cash dividend of 42,980 was declared and paid during the year. Prepare a statement of cash flows using the indirect method, Show amounts that decresse cash flow with othera - signe.g.-15,000 or in parenthesis es. (15,000).) 4. Adjustments to reconcile net income to

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