18 Feb 1. Selected balances for Tyner Company are as foll
1. Selected balances for Tyner Company are as follows: 2017; 2016Equipment 100,000; 40,000Accumulated Depreciation (30,000); (10,000) A. Tyner sold equipment that originally cost $50,000 at a gainof $4,000B. Depreciaton expense for the year was $60,000C. Tyner had an equipment purchase for cash during the year Prepare the investing section of hte cash flow statement forTyner. 2. Selected balances for Cole Company are as follows: 2017; 2016Long-Term Notes Payable 100,000; 150,000Common Stock 150,000; 100,000Paid in Capital 200,000; 100,000Retained Earnings 100,000; 50,000 A. No new notes were borrowed during the yearB. Common stock was issued for cashC. Net income for the year was $75,000 Prepare the financing section of the cash flow statement forCole. . . .
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