Presented below is a condensed version of the comparative balance sheets for Grouper Corporation for the...

Presented below is a condensed version of the comparative balance sheets for Grouper Corporation for the last two years at December 31.

	2017	2016
Cash	$174,900	$46,600
Accounts receivable	116,900	75,800
Investments	71,300	93,900
Equipment	352,900	173,900
Accumulated depreciation—equipment	(90,900)	(66,100)
Current liabilities	137,700	91,900
Common stock	138,300	63,700
Retained earnings	354,700	174,100

Additional information:

Investments were sold at a gain of $9,100; no investments were purchased; no equipment was sold; cash dividends paid were $41,700; and net income was $222,300.

Prepare a statement of cash flows for 2017 for Grouper Corporation.

Expert Solution

ekkarill92 answered 1 year ago

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