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The comparative balance sheets of Germaine Company as of December 31, 2017 and 2016 are...

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Accounting

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The comparative balance sheets of Germaine Company as of December 31, 2017 and 2016 are as follows: Dollars in Thousands) Assets Dec. 31,2017 Dec. 31, 2016 Cash Accounts Receivable Merchandise Inventory Prepaid General Expenses Plant Assets 225 105 21 16 245 125 12 1,000 1,025 (530 868 S Total Assets 813 Liabilities and Owners' Equity 70 S Accounts Payable Income Taxes Payable Bonds Payable Common Stock No Par Retained Earnings (Deficit) Total Liabilities and Owners' Equity 45 89 97 354 228 813 95 105 362 868 $ a. Net income during 2017 was $38 b. Plant Assets were purchased using cash. c. Plant assets were sold for their book value of $180. They had an original cost of $290 d. Cash dividends of $30 were paid during 2017 e. No entries into retained earnings other than dividends and net income. Please prepare a statement of cash flows using the indirect method of presenting cash flows from operating activiti

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