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Thank you The following are the financial statements of Nosker Company.

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The following are the financial statements of Nosker Company.

NOSKER COMPANY
Comparative Balance Sheets
December 31
Assets 2017 2016
Cash $37,400 $20,500
Accounts receivable 32,900 18,100
Inventory 30,600 20,000
Equipment 59,700 77,900
Accumulated depreciation—equipment (29,100 ) (23,500 )
   Total $131,500   $113,000  
Liabilities and Stockholders’ Equity
Accounts payable $28,300 $ 16,500
Income taxes payable 7,500 8,200
Bonds payable 27,900 32,800
Common stock 18,600 14,200
Retained earnings 49,200   41,300  
   Total $131,500   $113,000  

NOSKER COMPANY
Income Statement
For the Year Ended December 31, 2017
Sales revenue $241,800
Cost of goods sold 175,200
Gross profit 66,600
Operating expenses 24,600
Income from operations 42,000
Interest expense 3,900
Income before income taxes 38,100
Income tax expense 8,500
Net income $29,600

Additional data:

1. Dividends declared and paid were $21,700.
2. During the year equipment was sold for $9,700 cash. This equipment cost $18,200 originally and had a book value of $9,700 at the time of sale.
3. All depreciation expense, $14,100, is in the operating expenses.
4. All sales and purchases are on account.

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Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

NOSKER COMPANY
Statement of Cash Flows
 For the Month Ended December 31, 2017For the Year Ended December 31, 2017December 31, 2017EAT_1417088878250_1_3911839485245463
 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash26571990_0_3226985025189918_dropdown_279_resp_5
        Increase in Inventory    For Income Taxes    For Interest    Increase in Accounts Receivable    For Operating Expenses    Increase in Income Taxes Payable    Decrease in Accounts Payable    Net Income    Sale of Equipment    Decrease in Inventory    Issuance of Common Stock    Decrease in Accounts Receivable    Depreciation Expense    Increase in Accounts Payable    Purchase of Equipment    Issuance of Bonds    Decrease in Income Taxes Payable    Redemption of Bonds    Redemption of Common Stock    Payment of Dividends    To Suppliers26571990_0_3226985025189918_dropdown_281_resp_1 $ 42000
Adjustments to reconcile net income to
 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash26571990_0_3226985025189918_dropdown_287_resp_5
    Decrease in Accounts Payable    Increase in Inventory    Increase in Accounts Payable    Net Income    For Interest    For Operating Expenses    Increase in Accounts Receivable    Depreciation Expense    Increase in Income Taxes Payable    To Suppliers    Sale of Equipment    Decrease in Income Taxes Payable    For Income Taxes    Decrease in Accounts Receivable    Decrease in Inventory    Purchase of Equipment    Redemption of Common Stock    Issuance of Common Stock    Redemption of Bonds    Payment of Dividends    Issuance of Bonds    26571990_0_3226985025189918_dropdown_289_resp_21 $
        Redemption of Bonds    Sale of Equipment    Increase in Income Taxes Payable    Decrease in Accounts Payable    Purchase of Equipment    Redemption of Common Stock    Net Income    To Suppliers    Payment of Dividends    Increase in Accounts Receivable    For Operating Expenses    Issuance of Common Stock    Issuance of Bonds    For Interest    For Income Taxes    Depreciation Expense    Increase in Accounts Payable    Decrease in Income Taxes Payable    Increase in Inventory    Decrease in Inventory    Decrease in Accounts Receivable26571990_0_3226985025189918_dropdown_294_resp_2 14100
    Payment of Dividends    Issuance of Common Stock    Decrease in Accounts Payable    Sale of Equipment    Net Income    Purchase of Equipment    Decrease in Inventory    To Suppliers    Decrease in Accounts Receivable    Redemption of Bonds    Redemption of Common Stock    Issuance of Bonds    Decrease in Income Taxes Payable    For Operating Expenses    Increase in Income Taxes Payable    For Interest    Increase in Accounts Payable    Depreciation Expense    Increase in Inventory    For Income Taxes    Increase in Accounts Receivable    26571990_0_3226985025189918_dropdown_299_resp_9
    Increase in Inventory    Redemption of Bonds    Purchase of Equipment    Decrease in Accounts Payable    Decrease in Inventory    Increase in Accounts Payable    Increase in Accounts Receivable    Decrease in Accounts Receivable    Sale of Equipment    Issuance of Common Stock    Increase in Income Taxes Payable    Issuance of Bonds    For Income Taxes    For Interest    Depreciation Expense    Redemption of Common Stock    Decrease in Income Taxes Payable    Net Income    Payment of Dividends    To Suppliers    For Operating Expenses    26571990_0_3226985025189918_dropdown_304_resp_7
    Decrease in Accounts Payable    For Operating Expenses    Redemption of Bonds    Increase in Accounts Receivable    Decrease in Accounts Receivable    Sale of Equipment    Purchase of Equipment    To Suppliers    Increase in Accounts Payable    For Interest    Issuance of Common Stock    Decrease in Income Taxes Payable    For Income Taxes    Net Income    Increase in Income Taxes Payable    Redemption of Common Stock    Issuance of Bonds    Payment of Dividends    Depreciation Expense    Increase in Inventory    Decrease in Inventory    26571990_0_3226985025189918_dropdown_309_resp_3
    Cash at Beginning of Period    Cash at End of Period    Cash Flows from Financing Activities    Cash Flows from Investing Activities    Cash Flows from Operating Activities    Net Cash Provided by Financing Activities    Net Cash Provided by Investing Activities    Net Cash Provided by Operating Activities    Net Cash Used by Financing Activities    Net Cash Used by Investing Activities    Net Cash Used by Operating Activities    Net Decrease in Cash    Net Increase in Cash    26571990_0_3226985025189918_dropdown_317_resp_5
 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash26571990_0_3226985025189918_dropdown_322_resp_4
        Decrease in Income Taxes Payable    Redemption of Common Stock    Depreciation Expense    For Income Taxes    Issuance of Common Stock    Payment of Dividends    Increase in Income Taxes Payable    Decrease in Inventory    Increase in Inventory    Increase in Accounts Payable    To Suppliers    For Operating Expenses    Increase in Accounts Receivable    Net Income    Decrease in Accounts Payable    For Interest    Decrease in Accounts Receivable    Sale of Equipment    Purchase of Equipment    Issuance of Bonds    Redemption of Bonds26571990_0_3226985025189918_dropdown_324_resp_11 9700
 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash26571990_0_3226985025189918_dropdown_329_resp_3
    Decrease in Income Taxes Payable    Redemption of Common Stock    Payment of Dividends    For Income Taxes    Increase in Accounts Payable    For Interest    Decrease in Accounts Payable    Increase in Inventory    Decrease in Inventory    Issuance of Common Stock    Increase in Accounts Receivable    Purchase of Equipment    Redemption of Bonds    Decrease in Accounts Receivable    To Suppliers    Increase in Income Taxes Payable    For Operating Expenses    Depreciation Expense    Sale of Equipment    Net Income    Issuance of Bonds    26571990_0_3226985025189918_dropdown_331_resp_19
    Purchase of Equipment    Increase in Income Taxes Payable    Issuance of Common Stock    Increase in Inventory    Decrease in Inventory    Issuance of Bonds    For Operating Expenses    Payment of Dividends    Sale of Equipment    Increase in Accounts Payable    To Suppliers    Redemption of Bonds    Decrease in Accounts Payable    Decrease in Income Taxes Payable    Increase in Accounts Receivable    Decrease in Accounts Receivable    Redemption of Common Stock    Net Income    For Interest    For Income Taxes    Depreciation Expense    26571990_0_3226985025189918_dropdown_336_resp_15
    Redemption of Bonds    Decrease in Inventory    Decrease in Accounts Receivable    Increase in Accounts Receivable    Purchase of Equipment    Sale of Equipment    Decrease in Accounts Payable    Increase in Inventory    Issuance of Common Stock    Issuance of Bonds    Increase in Accounts Payable    Net Income    Increase in Income Taxes Payable    Payment of Dividends    To Suppliers    For Income Taxes    Redemption of Common Stock    For Operating Expenses    For Interest    Depreciation Expense    Decrease in Income Taxes Payable    26571990_0_3226985025189918_dropdown_341_resp_13
    Cash at Beginning of Period    Cash at End of Period    Cash Flows from Financing Activities    Cash Flows from Investing Activities    Cash Flows from Operating Activities    Net Cash Provided by Financing Activities    Net Cash Provided by Investing Activities    Net Cash Provided by Operating Activities    Net Cash Used by Financing Activities    Net Cash Used by Investing Activities    Net Cash Used by Operating Activities    Net Decrease in Cash    Net Increase in Cash    26571990_0_3226985025189918_dropdown_346_resp_6
 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash26571990_0_3226985025189918_dropdown_351_resp_13
 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash26571990_0_3226985025189918_dropdown_356_resp_1
 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash26571990_0_3226985025189918_dropdown_361_resp_2 $

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Compute free cash flow.

Free cash flow $

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Top Answer

Hi OpenHollow, Please find the statement of cash flow... View the full answer

QID - 9622148.xlsx

Nosker Company
Statement of Cash Flows
For the Years Ending December 31, 2017
2017
Cash Flows from Operating Activities
Net Income
Add Expenses Not Requiring Cash:
Depreciation
Interest Expense...

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