statement of cash flow from the following information.
Income Statement:Net

Income                             $300,000

Depreciation Expense               30,000

Loss on Sale of Plant Assets     10,000

Interest Expense                            500

Balance Sheet – 12/31/17:

Accounts Payable Increase       4,000

Accounts Receivable Increase   5,000

Plant Assets – Proceeds from sale         100,000

Additional Information:

Cash Balance – 12/31/2016:  $50,000

Common Stock exchanged for outstanding Long-Term Notes Payable of $150,000

Dividends paid were $30,000

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"