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Use the starting balance sheet and statement of cash flows to answer the question Answer Hopewell Corporation Balance Sheet As of December 31, 2017 (amounts in thousands) Save your answer Cash 125,000 Accounts Payable 24,000 37,000 30,000 91,000 56,000 239,000 295,000 386,000 Accounts Receivable 36,000 Debt Inventory 52,000 Other Liabilities 226,000 otiabilities 59,000 Paid-In Capital 67,000 Retained Earnings 6,000 Total Equity Property Plant & Equipment, Gross Accumulated Depreciation Property Plant & Equipment, Net Other Assets Total Assets 386,000 Total Liabilities &Equity

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The Vale of the Total Assets on March 31,2018 394,000 Amount added Balance as /(deducted) Balance as on based on cash 3112.2018 flow statement on Reasons for addiction / Deduction 31.12.2017 $125,000 $ 36,000 $ $ 52,000 $ $226,000 $ (59,000) $ Cash Accounts Receivable Inventory 1,400 126,400 Net Cash flow for the year 2018 (400) $ 35,600 Decrease in accounts receivable Property, Plant&Equipment Accumulated Depreciation 600 52,600 Increase in Inventoey 7,800 233,800 Purchase of Property, Plant & Equiment during the year (1,400 (60,400)$ 1400 Depreciation for the current year, hence amount added to accumulated depreceation account 6,400 173,400 Property, Plant & Equipment,Net $167,000 Other Assets Total Assets $ 6,000$ $386,000$ $6,000 No change in other aseets 8,000$ 394,000 24,000 $ 37,000 $ 30,000 $ 56,000 $ $239,000 $ (100)$23,900 Accounts payable decreased Accounts Payable Debt Other Liabilities Paid in capital Retined earnings 200$37,200 Debt amount increased -$30,000 No change in other Liabilities -$56,000 No change in paid in capital 7,900 | $ 246,900 | Net Income-Dividend = $ 8600-$ 700 = $ 7900 Total Liabilities & Equit $386,000 $ 8,000$ 394,000 ctivat

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