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problem 23-1

The following are Oriole Corp.s comparative balance sheet accounts at December 31, 2017 and 2016, with a column showing the increase (decrease) from 2016 to 2017.

COMPARATIVE BALANCE SHEETS
		2017			2016			Increase (Decrease)
Cash		$815,400			$702,000			$113,400
Accounts receivable		1,121,200			1,174,200			(53,000	)
Inventory		1,862,000			1,719,800			142,200
Property, plant, and equipment		3,287,700			2,938,200			349,500
Accumulated depreciation		(1,175,000	)		(1,047,300	)		(127,700	)
Investment in Myers Co.		309,300			273,800			35,500
Loan receivable		248,600						248,600
Total assets		$6,469,200			$5,760,700			$708,500
Accounts payable		$1,013,800			$952,700			$61,100
Income taxes payable		29,900			50,200			(20,300	)
Dividends payable		80,700			99,000			(18,300	)
Lease liabililty		409,300						409,300
Common stock, $1 par		500,000			500,000
Paid-in capital in excess of parcommon stock		1,497,600			1,497,600
Retained earnings		2,937,900			2,661,200			276,700
Total liabilities and stockholders equity		$6,469,200			$5,760,700			$708,500

Additional information:

1.		On December 31, 2016, Oriole acquired 25% of Myers Co.s common stock for $273,800. On that date, the carrying value of Myerss assets and liabilities, which approximated their fair values, was $1,095,200. Myers reported income of $142,000 for the year ended December 31, 2017. No dividend was paid on Myerss common stock during the year.
2.		During 2017, Oriole loaned $309,700 to TLC Co., an unrelated company. TLC made the first semiannual principal repayment of $61,100, plus interest at 10%, on December 31, 2017.
3.		On January 2, 2017, Oriole sold equipment costing $59,800, with a carrying amount of $38,000, for $39,800 cash.
4.		On December 31, 2017, Oriole entered into a capital lease for an office building. The present value of the annual rental payments is $409,300, which equals the fair value of the building. Oriole made the first rental payment of $59,700 when due on January 2, 2018.
5.		Net income for 2017 was $357,400.
6.		Oriole declared and paid the following cash dividends for 2017 and 2016.

		2017		2016
Declared		December 15, 2017		December 15, 2016
Paid		February 28, 2018		February 28, 2017
Amount		$80,700		$99,000

Prepare a statement of cash flows for Oriole Corp. for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

ORIOLE CORP. Statement of Cash Flows

(the chegg system is not letting me copy and transfer over the table for the statement of cash flows. Including the line item for the date of the statement, there are 25 line items for account titles and 20 line items for amounts)

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