Business, 07.10.2019 17:30 kdcupcake8004

Ivanhoe inc. had the following balance sheet at december 31, 2016.ivanhoe inc. balance sheetdecember 31,2016cash $21,840 accounts payable $31,840accounts recievable 23,040 notes payable (long term) 42,840investments 33,840 common stock 101,840plant asset (net) 81,000 retained earnings 25,040land 41,840 201,560201,560 during 2017, the following occurred. 1. ivanhoe inc. sold part of its investment portfolio for $15,331. this transaction resulted in a gain of $3,731 for the firm. the company classifies its investments as available-for-sale.2. a tract of land was purchased for $14,840 cash.3. long-term notes payable in the amount of $16,331 were retired before maturity by paying $16,331 cash.4. an additional $20,331 in common stock was issued at par.5. dividends of $8,531 were declared and paid to stockholders.6. net income for 2017 was $33,840 after allowing for depreciation of $11,331.7. land was purchased through the issuance of $36,840 in bonds.8. at december 31, 2017, cash was $38,840, accounts receivable was $43,440, and accounts payable remained at $31,840.question part (a) prepare a statement of cash flows for 2017. (show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15, flow statement is as prepared below: ivanhoe inc. statement of cash flowsfor the year ended december 31,2017cash flows from operating activities net income 33,840adjustments to reconcile net income to net cash provided by operating activities depreciation expense 11,331 gain on sale investment -3,731 increase in accounts recievable (43,440-23,040) -20,400 -12,800net cash provided byoperating activities 21,040cash flows from investing activities sales of investments 15,331 purchase of land -14,840 net cash provided by investing activities 491cash flows from financing activites retirement of notes payable -16,331 issuance of common stock 20,331 payments of cash dividends -8,531 net cash used by financing activities -4,531net increase in cash 17,000cash at beggining of the year 21,840cash at end of year 38,840noncash investing and financing activites land purchased for 36,840 by issuing bonds for $36,840prepare an unclassified balance sheet as it would appear at december 31, 2017. (list assets in order of liquidity.)ivanhoe incbalance sheetdevember 31,2017assetscash recievable assets and stockholders' equityaccounts payable payable stock earnings payable

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Ivanhoe inc. had the following balance sheet at december 31, 2016.ivanhoe inc. balance sheetdecember...

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