Buffalo Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information. December 31 2017 2016 Buildings $ 0 $29,450 Equipment 48,500 23,500 Patents 5,280 6,600 Investments 0 3,350 Inventory 10,850 8,700 Accounts receivable 12,600 9,700 Cash 33,095 13,700 $ 110,325 $95,000 Share capitalordinary $ 43,700 $33,700 Retained earnings 21,100 6,700 Allowance for doubtful accounts 3,350 5,200 Accumulated depreciation on equipment 2,350 5,200 Accumulated depreciation on buildings 0 6,700 Accounts payable 5,775 3,350 Dividends payable 0 5,350 Long-term notes payable 30,700 24,450 Notes payable, short-term (non-trade) 3,350 4,350 $ 110,325 $95,000 Additional data related to 2017 are as follows. 1. Equipment that had cost $11,700 and was 40% depreciated at time of disposal was sold for $2,850. 2. $10,000 of the long-term notes payable was paid by issuing ordinary shares. 3. Cash dividends paid were $5,350. 4. On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $31,700. 5. Equity investments (non-trading) were sold at $2,050 above their cost. 6. Cash was paid for the acquisition of equipment. 7. A long-term note for $16,250 was issued for the acquisition of equipment. 8. Interest of $2,350 and income taxes of $7,700 were paid in cash. Prepare a statement of cash flows using the indirect method. (If an amount reduces the account balance then enter with negative sign.)