Arctic Companys income statement and comparative balance sheets are presented below. Prepare the complete statement of cash flows for the year ended December 31, 2017

During 2017, Arctic sold land for $70,000 cash. This land is included in their PP&E account and originally cost $45,000. Arctic purchased equipment for cash, acquired treasury stock for cash and issued bonds payable for cash in 2017.

Arctic Company Income Statement Income Statement For the Year Ended December 31, 2017 Arctic Company Income Statement Balance Sheet As of December 31, 2017 Dec 31, 2017 Dec 31, 2016 Assets Cash Accounts Receivable Inventory Prepaid advertising PPE Accumulated Depreciation Total Assets \begin{tabular}{rr} 49,000 & 28,000 \\ 42,000 & 50,000 \\ 107,000 & 113,000 \\ 10,000 & 13,000 \\ 360,000 & 222,000 \\ (78,000) & (56,000) \\ \hline 490,000 & 370,000 \end{tabular} Liabilities and Stockholders' Equity Accounts Payable Interest Payable Bonds Payable Common Stock Retained Earnings TreasuryStock Total Liabilities and Equity \begin{tabular}{rr} 17,000 & 31,000 \\ 6,000 & 0 \\ 200,000 & 0 \\ 245,000 & 245,000 \\ 52,000 & 94,000 \\ (30,000) & \\ \hline 490,000 & 370,000 \\ \hline \end{tabular}