assume that abc, inc. issues 3000 shares

2019 Exam1 Lincoln University 7 cond onsed financial data for Wynne Corporation are given below WYNNE CORPORATION Comparative Balance Sheet December 31 Assets Cash Accounts receivable Inventory Land Equipment 131,00040,000 54,000 230,000 68,000 200,000 1,430,000 1,006,000 1,300,000 916,000 Acourulated depreciation-equipment Total assets 5.000) Accounts payable $ 104,00024,000 48,000 1,150,000 Accrued expenses payable Bonds payable Common stock Retained earnings 42,000 1,150,000 1,338,000 116,000 1,208,000 70,000 Total liabilities and stockholders' equity Additional information for 2017: 1. A cash dividend of $45,000 was declared and paid during the year 2. Additional equipment was purchased for cash. 3. Land was acquired by issuing common stock. Instructions: Prepare a statement of cash flows operating section only for 2017 using the indirect method