question archive Solpoder corporationcomparative balance sheetsat December 31,2015 and 2016 2015 2016Assets cash 49,500 81,000account 135,000 108,000receivable netinventory 27,000 54,000plant equipment 180,000 180,000accumulated 36,000 45,000depreciationtotal assets 355,500 378,000liabilities equityaccount payable 57,600 18,000common stock 190,800 207,000retained earnings 107,100 153,000total liabilities equity 355,500 378,000 Solpoder Corporation Income Statementfor the year ended December 31, 2016Sales 297,000less cost of good sold 175,500gross margin 121,500less operating expenses 58,500net income 63,000dividends of $17,100 were paid no equipment was purchased or retired during the current year
Solpoder corporationcomparative balance sheetsat December 31,2015 and 2016 2015 2016Assets cash 49,500 81,000account 135,000 108,000receivable netinventory 27,000 54,000plant equipment 180,000 180,000accumulated 36,000 45,000depreciationtotal assets 355,500 378,000liabilities equityaccount payable 57,600 18,000common stock 190,800 207,000retained earnings 107,100 153,000total liabilities equity 355,500 378,000 Solpoder Corporation Income Statementfor the year ended December 31, 2016Sales 297,000less cost of good sold 175,500gross margin 121,500less operating expenses 58,500net income 63,000dividends of $17,100 were paid no equipment was purchased or retired during the current year
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Solpoder corporationcomparative balance sheetsat December 31,2015 and 2016 2015 2016Assets cash 49,500 81,000account 135,000 108,000receivable netinventory 27,000 54,000plant equipment 180,000 180,000accumulated 36,000 45,000depreciationtotal assets 355,500 378,000liabilities equityaccount payable 57,600 18,000common stock 190,800 207,000retained earnings 107,100 153,000total liabilities equity 355,500 378,000 Solpoder Corporation Income Statementfor the year ended December 31, 2016Sales 297,000less cost of good sold 175,500gross margin 121,500less operating expenses 58,500net income 63,000dividends of $17,100 were paid no equipment was purchased or retired during the current year.refer to the information for Solpoder Corporation on the previous page.Required:prepare a statement of cash flows using the indirect method.
