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Please just give answers and show how to find missing values. Thanks! ...

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Accounting

Please just give answers and show how to find missing values. Thanks! image
1. (14 points) Using the indirect approach, prepare a statement of cash flows for Egon Castle Corp for the year ending December 31, 2016. See template on next page. Egon Castle's 2016 income statement revealed net income of $120,000. The increase in common stock and additional paid-in capital is due to issuing additional shares for cash. Comparative balance sheets for Egon Castle follow. 2016 2015 (All Amounts in 000s) Assets Cash Accounts receivable Inventories Prepaids Land Building and equipment Less: Accumulated depreciation Total assets XXX 180,000 240,000 12,000 250,000 1,500,000 (205,000) XXX $ 470,000 70,000 280,000 13,300 250,000 1,300,000 (175,000) $ 2,208,300 $ XXX 11,000 24,000 92,000 15,000 XXX Liabilities Accounts payable Accrued liabilities Income taxes payable Stockholders' equity Common stock Paid in capital in excess of par Retained earnings Total liabilities and equity 610,000 990,000 640,000 $ 2,600,000 700,000 800,000 585,350 XXX

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