December 31 2017 2016 Cash $33,400 $12,900 Accounts receivable 12,200 10,000 Inventory 11,800 9,100 Available-for-sale debt...

	December 31
	2017	2016
Cash	$33,400	$12,900
Accounts receivable	12,200	10,000
Inventory	11,800	9,100
Available-for-sale debt investments	–0–	2,900
Buildings	–0–	29,800
Equipment	45,200	20,200
Patents	5,000	6,300
	$107,600	$91,200

Allowance for doubtful accounts	$3,000	$4,600
Accumulated depreciation—equipment	2,000	4,500
Accumulated depreciation—building	–0–	5,900
Accounts payable	5,000	2,900
Dividends payable	–0–	4,900
Notes payable, short-term (nontrade)	3,000	4,000
Long-term notes payable	31,000	25,000
Common stock	43,000	33,000
Retained earnings	20,600	6,400
	$107,600	$91,200

Additional data related to 2017 are as follows.

1.		Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.
2.		$10,000 of the long-term note payable was paid by issuing common stock.
3.		Cash dividends paid were $4,900.
4.		On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,000 (net of $2,100 taxes).
5.		Investments (available-for-sale) were sold at $1,700 above their cost. The company has made similar sales and investments in the past.
6.		Cash was paid for the acquisition of equipment.
7.		A long-term note for $16,000 was issued for the acquisition of equipment.
8.		Interest of $2,000 and income taxes of $6,400 were paid in cash.

I just need the Supplemental disclosures of cash flow information:

Expert Solution

ekkarill92 answered 1 year ago

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