A comparative balance sheet for Martinez Corporation is presented as follows. December 31 2017 2016 $ 109,300 $ 33,000 Assets Cash Accounts receivable Inventories 124.260 100,460 271.260 284.960 Land 107,760 166,460 391,260 301.460 (104.760) (64.460) Equipment Accumulated Depreciation Equipment Total Liabilities and Stockholders' Equity Accounts payable $899,080 $821,880 $52.260 571.960 Bonds payable 225,000 300.000 $ 52.260 $71.960 225.000 300.000 Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 321.000 246,000 300.820 203.920 $821,880 $899.000 Additional information: 1. 2. Net income for 2017 was $190,020. Cash dividends of $93.120 were declared and paid. Bonds payable amounting to $75,000 were retired through issuance of common stock Land was sold for cost. 3. 4. 5. 5 Equipment was purchased but no equipment was sold (a) Prepare a statement of cash flows for 2017 for Martinez Corporation. (Show amounts that decrease cash flow with either a signes - 15,000 or in parenthesis es. (15,0001) MARTINEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to