Instructions The comparative balance sheet of Pelican Joe Industries Inc. for December 31, 2016 and 2015, is as follows Dec 31, 2016 Dec 31, 2015 Assets Cash $491.00 285.00 Accounts receivable (net) Inventories $157.00 196.00 109.00 451.00 173.00 Land 401.00 220.00 Equipment 173.00 Accumulated depreciation equipment (62.00) (29.00) $1,057.00 $1,508.00 Total assets Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) $17500 157.00 285.00 196.00 173.00 109.00 401.00 451.00 220.00 173.00 (62.00) (29.00) Instructions Accounts receivable (net) Inventories 6 Land Equipment Accumulated depreciation equipment Total assets Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) 12 Dividends payable 13 Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock Retained earings $1,508.00 $1,057,00 $173.00 $157.00 35.00 98.00 50.00 255.00 122.00 947.00 728.00 Total liabilities and stockholders equity $1.508.00 31.057.00 M G-Mail Pearson - MATH WebAdvisor Statement of Cash Flows A Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. In the operating activities section, use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow, if required. In the investing and financing activities section, use a minus sign only to indicate a NET cash outflow for the section Pelican Joe Industries Inc. Statement of Cash Flows (Label) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Previous All work saved. Submit Assignme -Ma Pearson - MATH 5 WebAdvisor Statement of Cash Flows Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 11 Cash flows from investing activities: 15 Cash flows from financing activities: All work saved. All work saved. gnment/takeAssignmentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false MG-Mail Pearson - MATH WebAdvisor Statement of Cash Flows 11 Cash flows from investing activities: 15 Cash flows from financing activities: 20 Cash at the beginning of the year 21 Cash at the end of the year Statement of cash flows-indirect method Instructions Statement of Statement of Cash Flows Labels and Amount Descriptions Labels and Amount Descriptions Amortization of intangible assets Cash paid for dividends Cash paid for purchase of equipment Cash received from sale of common stock Cash received from sale of land December 31, 2016 Decrease in accounts payable Decrease in accounts receivable Decrease in cash Decrease in inventories Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of C Statement of Cash Flows 1 Labels and Amount Descriptions Depreciation For the Year Ended December 31, 2016 Gain on sale of land Increase in accounts payable Increase in accounts receivable Increase in cash Increase in inventories Loss on sale of land Net cash flow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Entent or cash flows-indirect method Instructions Labels and Amount Descriptions Statement Statement of Cash Flows Labels and Amount Descriptions HILI COSC CASIE Increase in inventories Loss on sale of land Net cash flow from operating activities Net cash flow used for operating activities Net cash flove from investing activities Net cash flow used for investing activities Net cash flow from financing activities Net cash flow used for financing activities Net income Net loss Instructions The comparative balance sheet of Pelican Joe Industries Inc. for December 31, 2016 and 2015, is as follows Dec 31, 2016 Dec 31, 2015 Assets Cash $491.00 285.00 Accounts receivable (net) Inventories $157.00 196.00 109.00 451.00 173.00 Land 401.00 220.00 Equipment 173.00 Accumulated depreciation equipment (62.00) (29.00) $1,057.00 $1,508.00 Total assets Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) $17500 157.00 285.00 196.00 173.00 109.00 401.00 451.00 220.00 173.00 (62.00) (29.00) Instructions Accounts receivable (net) Inventories 6 Land Equipment Accumulated depreciation equipment Total assets Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) 12 Dividends payable 13 Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock Retained earings $1,508.00 $1,057,00 $173.00 $157.00 35.00 98.00 50.00 255.00 122.00 947.00 728.00 Total liabilities and stockholders equity $1.508.00 31.057.00 M G-Mail Pearson - MATH WebAdvisor Statement of Cash Flows A Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. In the operating activities section, use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow, if required. In the investing and financing activities section, use a minus sign only to indicate a NET cash outflow for the section Pelican Joe Industries Inc. Statement of Cash Flows (Label) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Previous All work saved. Submit Assignme -Ma Pearson - MATH 5 WebAdvisor Statement of Cash Flows Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 11 Cash flows from investing activities: 15 Cash flows from financing activities: All work saved. All work saved. gnment/takeAssignmentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false MG-Mail Pearson - MATH WebAdvisor Statement of Cash Flows 11 Cash flows from investing activities: 15 Cash flows from financing activities: 20 Cash at the beginning of the year 21 Cash at the end of the year Statement of cash flows-indirect method Instructions Statement of Statement of Cash Flows Labels and Amount Descriptions Labels and Amount Descriptions Amortization of intangible assets Cash paid for dividends Cash paid for purchase of equipment Cash received from sale of common stock Cash received from sale of land December 31, 2016 Decrease in accounts payable Decrease in accounts receivable Decrease in cash Decrease in inventories Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of C Statement of Cash Flows 1 Labels and Amount Descriptions Depreciation For the Year Ended December 31, 2016 Gain on sale of land Increase in accounts payable Increase in accounts receivable Increase in cash Increase in inventories Loss on sale of land Net cash flow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Entent or cash flows-indirect method Instructions Labels and Amount Descriptions Statement Statement of Cash Flows Labels and Amount Descriptions HILI COSC CASIE Increase in inventories Loss on sale of land Net cash flow from operating activities Net cash flow used for operating activities Net cash flove from investing activities Net cash flow used for investing activities Net cash flow from financing activities Net cash flow used for financing activities Net income Net loss