Complete balance sheet and prepare a statement of cash flows-indirect Problem 9.27 method Following is a partially completed balance sheet for Hoeman, Inc. at Lo 1o, 11 December 31, 2017, together with comparative data for the year ended December 31, 2016. From the statement of cash flows for the year ended December 31, 2017, you determine the following Net income for the year ended December 31, 2017, was $47,000. Dividends paid during the year ended December 31, 2017, were $33,500. Accounts receivable decreased $5,000 during the year ended December 31, 2017. The cost of new buildings acquired during 2017 was $62.500. No buildings were disposed of during 2017. The land account was not affected by any transactions during the year, but the fair value of the land at December 31, 2017, was $89,000 HOEMAN, INC Comparative Balance Sheets At December 31, 2017 and 2016 2016 2017 Assets Current assets $ 26,000 $ 23,000 67,000 88,000 $178,000 70,000 145,000 (52,500) $162,500 $340,500 78,000 (60,000) Total land and buildings . . . .. . . . . . . . . . . .. . Liabilities Current liabilities $ 98,500 62,000 $160,500 $69,500 77,500 $161,000 Stockholders' Equity $ 25,000 $ 22,500 88.000 $110,500 $340,500 Required: a. Complete the December 31, 2017, balance sheet. (Hint: Long-term debt is the last number to compute to make the balance sheet balance.) Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method b