Condensed financial data of Marigold Company for 2017 and 2016 are presented below MARIGOLD COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31,2017 AND 2016 2017 2016 $1,830 $1,130 1,290 1,920 1,680 Cash Receivables Inventory Plant assets 1,770 1,620 1,940 Accumulated depreciation (1,190) (1,170) Long-term investments (held-to-maturity) 1,300 1,410 $7,270 $%6,260 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 210 1,420 1,890 2,530 $910 260 1,530 1,710 1,850 $7,270 $6,260 MARIGOLD COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains $7,100 4,760 2,340 930 1,410 Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business 80 1,490 550 940 260 $680 Additional information: During the year, $80 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 direct method. a- sign e.g.-15,000 or in parenthesis e.g. (15,000).) (Show amounts in the investing and financing sections that decrease cash flow with either MARIGOLD COMPANY Statement of Cash Flows (Direct Method)