BIRCH CORPORATION Comparative Statements of Financial Position December 31 2017 $ 43,000 31,000 118,000 120,000 200,000 (50,000) 1,030,000 (118.000) $1.374,000 2016 Cash. Accounts receivable, net Inventory Land $ 24,000 38,000 82,000 190,000 200,000 (40,000) 600,000 (94,000 $1.000.000 Building. Accumulated depreciation Equipment. Accumulated depreciation S 100,000 Accounts payable. 4% Bonds payable.. Common shares. Retained earnings $ 115,000 320,000 750,000 189,000 $1374.000 -0- 750,000 150,000 $1.000.000 Additional data: 1 Net income for the year was $84,000. 2 Cash dividends were paid. 3 Land was sold for $80,000. 4. Old equipment was sold for $70,000. This equipment had cost $150,000 and had accumulated depreciation of S60,000 to date of sale. New equipment was purchased to replace it. Instructions Prepare a statement of cash flows for calendar 2017, using the indirect method