Cheyenne Company had the following information available at the end of 2017. CHEYENNECOMPANY COMPARATIVE BALANCE SHEETS AS OF DECEMBER 31, 2017 AND 2016 2017 2016 $4,040 13,010 29,860 34,920 11,930 89 Cash Accounts receivable Short-term investments Inventory Prepaid rent Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patents $10,090 20,560 21,990 41,660 3,000 2,130 990 126,120 352,260 (104,500 ) 522,600 (130,370 ) 44,550 $911,080 75 174,150 352,260 (87,220 ) 399,420 (113,030 ) 49,800 $869,304 Total assets Accounts payable Income taxes payable Salaries and wages payable Short-term notes payable $21,830 4,970 4,990 9,950 $31,830 4,020 3,000 9,950 Long-term notes payable Bonds payable Premium on bonds payable Common stock Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity 60,310 403,050 19,990 238,510 25,150 122,330 69,560 403,050 22,814 219,480 17,400 88,200 $911,080 $869,304 CHEYENNE COMPANY INCOME STATEMENT AND DIVIDEND INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold $1,153,150 742,220 410,930 Gross margin Operating expenses Selling expenses Administrative expenses Depreciation/Amortization expense Total operating expenses Income from operations Other revenues/expenses Gain on sale of land $78,600 155,490 39,870 273,960 136,970 7,950 Gain on sale of short-term investment Dividend revenue 4,040 2,400 (52,230 ) (37,840 ) Interest expense Income before taxes 99,130 39,360 Income tax expense Net income Dividends to common stockholders To retained earnings 59,770 (25,640 ) $34,130 Prepare a statement of cash flows for Cheyenne Company using the direct method accompanied by a reconciliation schedule. Assume the short-term investments are debt securities, classified as available-for-sale. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)