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Question: Additional information Net income for the year ending December 31, 2017 was $24,000. Depreciati…
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Question: Additional information  Net income for the <a href=year ending December 31, 2017 was $24,000. Depreciati…” />

Show transcribed image text Additional information Net income for the year ending December 31, 2017 was $24,000. Depreciation expense was $4,000 Cash dividends of $12,000 were declared and paid during the year Long-term investments that had a cost of $18,000 were sold for $16,000 This "accounting loss" should be a Net Income adjustment in Operating Activities The cash received for the sale of the investments should be in Investing Activities There were no sales of equipment during the year Note the decrease in bonds payable. Instructions Using the template provided complete the statement of cash flows for the year ended December using the indirect method. Select from drop-down in green cells and record amount in yellow Print the Statement of Cash Flows and submit when finished.

Additional information Net income for the year ending December 31, 2017 was $24,000. Depreciation expense was $4,000 Cash dividends of $12,000 were declared and paid during the year Long-term investments that had a cost of $18,000 were sold for $16,000 This "accounting loss" should be a Net Income adjustment in Operating Activities The cash received for the sale of the investments should be in Investing Activities There were no sales of equipment during the year Note the decrease in bonds payable. Instructions Using the template provided complete the statement of cash flows for the year ended December using the indirect method. Select from drop-down in green cells and record amount in yellow Print the Statement of Cash Flows and submit when finished.

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