Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advances to Employees Allowance for Doubtful Accounts Bonds Payable Bond Sinking Fund Buildings Cash Cash Surrender Value of Life Insurance Common Stock Construction in Process Copyrights Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Investments Finished Goods Franchises Goodwill Income Tax Payable Income Tax Receivable Interest Payable Interest Receivable Inventory Investments in Common Stock Investments in Stocks and Bonds Land Notes Payable Notes Receivable Noncontrolling Interest Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Patents Payroll Tax Expense Payroll Taxes Payable Pension Liability Pension Obligation Plant Assets Premium on Bonds Payable Preferred Stock Prepaid Advertising Prepaid Insurance Prepaid Expenses Prepaid Rent Raw Materials Rent Payable Restricted Cash Retained Earnings Salaries and Wages Payable Supplies Timberland Treasury Stock Trademarks Trading Securities Unearned Service Revenue Unearned Rent Revenue Unearned Subscriptions Revenue Withholding Taxes Payable Work-in-Process

Exercise 5-17 (Part Level Submission) Sarasota Corporation's balance sheet at the end of 2016 included the following items. Current assets (Cash $82,000) $236,160 Current liabilities $151,160 Land Buildings Equipment Accum. depr-buildings Accum. depr-equipment Patents 31,250 Bonds payable 121,160 Common stock 101,160 181,250 91,250 Retained earnings 45,250 $478,820 (31,160) Total (11,000) 41,160 Total $478,820 The following information is available for 2017 1. Net income was $57,090 2. Equipment (cost $21,160 and accumulated depreciation $9,160) was sold for $11,160 3. Depreciation expense was $5,160 on the building and $10,160 on equipment. 4. Patent amortization was $2,500 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,160 6. An addition to the building was completed at a cost of $28,160 7. A long-term investment (Equity) in stock was purchased for $16,000 8. Bonds payable of $51,250 were issued 9. Cash dividends of $30,000 were declared and paid 10. Treasury stock was purchased at a cost of $11,000 (a) Prepare a statement of cash flows for 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SARASOTA CORPORATION Statement of Cash Flows Adjustments to reconcile net income to