BLUE INC. BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash $ 15,270 89,070 $ 47,270 94,340 42,340 20,340 $163,610 Accounts receivable Equipment Less: Accumulated Depreciation Equipment Total $32,000 Inc. 5,270 Inc. 19,270 Inc. 9,340 Inc. 23,070 11,000 $116,410 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total $ 23,340 102,270 38,000 $163,610 $ 16,070 81,070 19,270 $116,410 7,270 Inc. 21,200 Inc. 18,730 Inc. Net income of $47,340 was reported, and dividends of $28,610 were paid in 2017. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) BLUE INC. Statement of Cash Flows 7 Adjustments to reconcile net income to $