Additional information 1. Net income was 522.630. Dividends declared and paid were exist19, 500. 2. No noncash investing and financing activities occurred during 2017. 3. The land was sold for cash of exist4, 900. Instructions (a) Prepare a statement of cash flows for 2017 using the indirect method. (b) Compute free cash flow. Here are comparative balance sheets for Velo Company. Additional information 1. Net income for 2017 was exist93,000. 2 Cash dividends of exist35,000 were declared and paid. 3. Bonds payable amounting to exist50,000 were redeemed for cash exist50,000. 4. Common stock was issued for exist42,000 cash. 5 No equipment was sold during 2017, but land was sold at cost. Instructions Prepare a statement of cash flows for 2017 using the indirect method. Corporation's comparative balance sheets are presented below