A comparative balance sheet for Heathcote Company appears below: HEATHCOTE COMPANY Comparative Balance Sheet $7,00045,00023,00010,000$85,000 Additional information: 1. Net income for the year ending December 31,2017 was $40,000. 2. Cash dividends of $10,000 were declared and paid during the year. 3. Equipment that had a cost and accumulated depreciation of $20,000 and $3,000, respectively, was sold for $10,000. 4. Sales for 2017 were $520,000. Instructions Using excel, prepare a statement of cash flows, in good form, for the year ended December 31 , 2017, using the indirect method ( 25 points). Please show all work (e.g., calculations of changes in comparative balance sheet accounts) used to prepare/support the statement