2- The following Comparative Balance sheets and Income statement for Cloud company, additional information was also provided for the year 2017: Averts Current Accounts receivable Inventory. Prepaid expesse Property, plant, and equipmem Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Total assets Liabilities and Stockholders' Equity Xurrent liabilities Accounts payable Income taxes payable Bonds payable Stockholders' equit Common stock Retained earning equity Sales revenue Cost of goods sold Operating expenses (excluding depreciation) Depreciation expense Loss on disposal of equipment Interest expense Income before income tax 2017 $ 55,000 20,000 15,000 5.000 130,000 160,000 2016 $ 33,000 30,000 10,000 1,000 20,000 40.000 (11,000) (5,000) 27,000 10,000 (3,000) (1,000) $398.000 $138.000 $ 28,000 6,000 130,000 $12,000 $,000 20,000 70,000 164,000 50,000 48,000 $398.000 $138,000 $507,000 $150,000 111,000 9,000 3,000 42.000 315,000 192,000 47.000 $145,000 Income tax expense Net income Additional information for 2017: 1. Depreciation expeine was comprised of $6,000 for building and $3,000 fr 2. The company sold equipment with a book value of $7,000 (cost $8,000, less accumulated depreciation $1,000) for $4,000 cash. 3. Issued $110,000 of long-term bonds in direct exchange for land. 4. A building costing $120,000 was purchased for cash. Equipment costing $25,000 was also purchased for cash. 5. Issued common stock for $20,000 cash 6. The company declared and paid a $29,000 cash dividend Required: Prepare the Cashflow statement for Cloud company for the year ended December 31, 2017 using the Indirect method. Disclose any non- cash activities under the statement. I