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Please note: statement of cash flows has 22 lines to be filled ...

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Accounting

Please note: statement of cash flows has 22 lines to be filled image
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Exercise 5-17 Pearl Corporation's balance sheet at the end of 2016 included the following items $151,060 Current assets (Cash $82,000) $236,060 Land Buildings Equipment Accum. depr.-buildings Accum. depr.-equipment Patents Current liabilities 32,090 Bonds payable 101,060 121,060 Common stock 182,090 92,090 Retained earnings 46,090 (31,060) Total (11,000) 41,060 $480,300 Total $480,300 The following information is available for 2017. 1. Net income was $55,150. 2A Equipment (cost $21,060 and accumulated depreciation $9,060) was sold for $11,060. 3. Depreciation expense was $5,060 on the building and $10,060 on equipment. 4. Patent amortization was $2,500. s. Current asse 6. An addition to the building was completed at a cost of $28,060. 7. A long-term investment (Equity) in stock was purchased for $16,000. 8. Bonds payable of $52,090 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000 ts other than cash increased by $29,000. Current liabilities increased by $14,060

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