ABbcdl Acc AaBocet ABOGA 2015 POWELL CORPORATION Comparative Statement of Financial Position December 31 2017 Land $18.000 Buildings 70,000 Accurated depreciation buildings (15.000 Accounts receivable 18.200 Cash 21570 Total $12.79 $25.000 70.000 (10.000) 23.400 10.700 $120.000 Share cad rary Retained earnings Accounts payable $75.000 25,400 12.370 $12.770 589,000 20.000 31,100 $120100 Total Additional information Netcome was $27500 Deprecation expense 55 000 3 Dividends declared and paid were $22.500 The land worth $3.000 (Book Value) was sold for $5.900 cash 5 Increase in Share Capital - Ordinary was in cash Instruction a) Prepare a statement of cash flows for 2017 using the indirect method (12 points) b) Compute free cash fow. 3 Points)