Condensed financial data of Cullumber Company for 2017 and 2 CULLUMBER COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2016 1,7901.170 1,330 1,900 1,720 2017 1,780 1,580 1,900 Plant assets 1,380)(1,140) 1,310 1,420 7,180 $6.380 Accounts payable Accrued liabiities Bonds payable Common stock Retained eanings $1,220 210 240 1,550 1,930 2,440 $6,380 CULLUMBER COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold Gross margin Seling and administrative expenses Income from operations Other revenues and gains 4,650 930 1.110 Gain on sale of investments Income tax Income tax expense Net incom Cash dividends Income netained in busines 90 550 260 5390 Additional information During the year, $70 of common stock was issued in exchange f 2017 Prepare a statement of cash flows using the indirect method. S with either a -sign e.g.-15,000 or in parenthesis e.g. (15 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000)