Comparative balance sheets for Hamilton Company are presented below.
		Hamilton Company
		Comparative Balance Sheet
		Decemebr 31
		Assets				2017	2016
		Cash				78000	12000
		Accoutns Receivable				93000	76000
		Inventory				180000	189000
		Land				75000	100000
		Equipemnt				250000	210000
		Accu Dep - Equipment				(66,000)	(42,000)
		Total				610000	545000
		Liability and Equity
		Accounts Payable				34000	47000
		Bonds Payable				150000	200000
		Common Stock ($1 Par )				214000	164000
		Retained Earnings				212000	134000
		Total				610000	545000
Additional information:
1. Net income for 2017 was $134000
2. Cash dividends of $65,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $50,000 cash.
5. Depreciation expense was $24,000.
6. Sales revenue for the year was $978,000.
7. Land was sold at cost, and equipment was purchased for cash.
Instructions
a. Prepare a statement of cash flows for 2017 using the indirect method.
b. Comment on the quality of income of the company.
b. Comment on investing and financings cashflows of the company.