Comparative balance sheets for International Company are presented below. INTERNATIONAL COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $73,940 $22,760 Accounts receivable 85,130 75,600 Inventory 180,650 188,990 Land 74,170 100,800 Equipment 249,770 199,370 Accumulated depreciationequipment (65,230 ) (41,140 ) Total $598,430 $546,380 Liabilities and Stockholders Equity Accounts payable $34,760 $47,080 Bonds payable 150,280 199,320 Common stock ($1 par) 214,880 164,930 Retained earnings 198,510 135,050 Total $598,430 $546,380 Additional information: 1. Net income for 2017 was $135,610. 2. Cash dividends of $72,150 were declared and paid. 3. Bonds payable amounting to $49,040 were redeemed for cash $49,950. 4. Common stock was issued for $49,950 cash. 5. Depreciation expense was $24,090. 6. Sales revenue for the year was $978,570. 7. Land was sold at cost, and equipment was purchased for cash. Prepare a worksheet for a statement of cash flows for 2017 using the indirect method. Enter the reconciling items directly on the worksheet.