help please CALCULATOR FULL SCREEN PRINTE Exercise 23-21 Below is the comparativ

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CALCULATOR FULL SCREEN PRINTE Exercise 23-21 Below is the comparative balance sheet for Pina Corporation. Dec. 31, 2017Dec. 31, 2016 $20,800 18,900 44,600 Cash $16,500 Short-term investments Accounts receivable Allowance for doubtful accounts Prepaid expenses Inventory Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Delivery equipment 25,000 43,200 (1,800) 4,100 81,700 49,500 125,000 (30,000) 52,800 (19,100) 39,400 (22,000) 14,900 (1,900) 2,500 65,500 dy 73,100 (22,800) 46,200 (15,500) 39,400 (20,500) Accumulated depreciation-delivery equipment Patents $379,200 $299,800 Accounts payable Short-term notes payable (trade) Accrued payables $26,000 3,900 3,000 $16,200 6,100 4,600

Explanation / Answer

PINA CORPORATION WORKSHEET FOR PREPERATION OF STATEMENT OF CASH FLOWS For the year ended December 31, 2017 2017 Reconciling Items Balance at 12/31/16 Balance at 12/31/17 Debit Credit Debits Cash 20800 4300 16500 Short Term Investments 18900 6100 25000 Accounts Receivable 44600 1400 43200 Prepaid Expenses 2500 1600 4100 Inventory 65500 16200 81700 Land 49500 0 49500 Buildings 73100 51900 125000 Equipment 46200 6600 52800 Delivery Equipment 39400 0 39400 Patents 0 14900 14900 Total Debits 360500 97300 5700 452100 Credits Accounts Payable 16200 9800 26000 Note Payable 6100 2200 3900 Accrued Liabilities 4600 1600 3000 Allowance for doubtful accounts 1900 100 1800 Accumulated Depreciation - Building 22800 7200 30000 Accumulated Depreciation - Equipment 15500 3600 19100 Accumulated Depreciation - Delivery Equipment 20500 1500 22000 Mortgage Payable 53100 19800 72900 Bonds Payable 62400 12900 49500 Common Stock 102600 36100 138700 Paid-in-Capital in excess 4000 6100 10100 Retained Earnings 50800 24300 75100 Total Credits 360500 16800 108400 452100 114100 114100 PINA CORPORATION Statement of cash flows for the year ended December 31, 2017 Cash flow from opearting activities : Net income for the year * 39300 Adjustments for non-cash items in the income statement    Depreciation expense ** 12300 Adjustments for non cash current assets and liabilities Short Term Investments -6100 Accounts Receivable 1300 Prepaid Expenses -1600 Inventory -16200 Accounts Payable 9800 Note Payable -2200 Accrued Liabilities -1600 Cash flow from operating activities 35000 Cash flow from investing activities Additions to buildings -32100 Additions to equipment -6600 Additions to patents -14900 Cash flow from investing activities -53600 Cash flow from Financing Activities: Retirement of bonds -12900 Issue of common stock 42200 Dividends Paid -15000 Cash flow from Financing Activities 14300 Net cash flow -4300 Change in cash balance -4300 0 Beginning cash balance 20800 Ending cash balance 16500 Net Income for the year * Beginning retained earnings                                                     (A) 50800 Dividends paid                                                                                (B) -15000 Net beginning balance                      (A+B)                               (C) 35800 Ending retained earnings                                                            (D) 75100 Net income for the year                     (D-C)                              (E) 39300 Depreciation Expense ** Credit to accumulated depreciation - Buildings 7200 Credit to accumulated Depreciation - Equipment 3600 Credit to cccumulated Depreciation - Delivery Equipment 1500 Depreciation expense charged for the year 12300

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