The following are comparative balance sheets for mitch company. prepare a statement of cash flows—indirect method. (lo 2), ap mitch company comparative balance sheets december 31 2017 cash accounts receivable inventory 167,000 land 80,000 equipment 260,000 accumulated depreciation—equipment (66,000) total $597,000 $ 68,000 88,000 liabilities and stockholders’ equity accounts payable bonds payable common stock ($1 par) retained earnings 2017 $ 39,000 150,000 216,000 192,000 total $597,000 additional information: 1. net income for 2017 was $93,000. 2. depreciation expense was $34,000. 3. cash dividends of $39,000 were declared and paid. 4. bonds payable amounting to $50,000 were redeemed for cash $50,000. 5. common stock was issued for $42,000 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. instructions prepare a statement of cash flows for 2017 using the indirect method.

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?

Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.