The comparative balance sheets of Glacier Corporation showed the following at December 31.
The income statement for 2017 was as follows:
Additional information:
|
a. |
Cash dividends paid during the year amounted to $6. |
|
b. |
Land was sold during the year for $10. It was originally purchased for $14. |
|
c. |
Equipment was sold during the year that originally cost $7. Carrying amount was $5. |
|
d. |
Equipment was purchased for $41. |
Required:
- Prepare a cash flow table.
- Prepare a statement of cash flows for the year ended December 31, 2017.
- Comment on the operating, financing, and investing activities of Glacier Corporation for the year ended December 31, 2017.
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