Miroz Corporation's Comparative Balance Sheets Are Presented Below Additional Information:
1

question 81

Essay

Miroz Corporation's comparative balance sheets are presented below. $$\begin{array} { l r r } & \begin{array} { c } \text { MIROZ CORPORATION } \\\text { Comparative Balance Sheets } \\\text { December 31 }\end{array} & \\& \underline{ 2017 } & \underline { 2016 } \\ \text { Cash } & \$ 18,700 & \$ 22,700 \\\text { Accounts receivable } & 24,700 & 22,300 \\\text { Investments } & 25,000 & 16,000 \\\text { Equipment } & 59,000 & 70,000 \\\text { Accumulated depreciation } & \underline { ( 14,500 ) } & \underline { ( 10,000 ) } \\\quad \text { Total } & \underline { \$ 112,900 } & \underline { \underline { \$ 121,000 } } \\\\\text { Accounts payable } & \$ 13,600 & \$ 11,100 \\\text { Bonds payable } & 6,000 & 30,000 \\\text { Common stock } & 50,000 & 45,000 \\\text { Retained earnings } & \underline { 43,300 } & \underline { 34,900 } \\\quad \text { Total } & \$ 112,900 & \$ 121,000\end{array}$$ Additional information:
1. Net income was $17700. Dividends declared and paid were $9300.
2. Equipment which cost $11000 and had accumulated depreciation of $2000 was sold for $4000.
3. All other changes in noncurrent account balances had a direct effect on cash flows except the change in accumulated depreciation.
Instruction
(a) Prepare a statement of cash flows for 2017 using the indirect method.
(b) Compute free cash flow.

Grasp the methods for desalinating water and their importance.

Appreciate the significance and workings of waterless sanitation systems.

Learn about water conservation techniques in agriculture.

Understand the consequences of excessive groundwater withdrawal and management strategies for water scarcity.

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