Dec. 31, 2017	Dec. 31, 2016
Cash	$16,000	$9,000
Accounts receivable	22,000	16,000
Prepaid expenses	3,800	3,000
Land	8,000	21,000
Building and equipment	103,200	80,000
Accumulated depreciation	-60,000	-51,000
	$93,000	$78,000
Accounts payable	$9,000	$6,000
Taxes Payable	6,000	8,000
Accrued expenses	13,000	7,000
Mortgage payable	25,000	31,000
Common stock	9,000	5,000
Additional paid-in capital	21,000	16,000
Retained earnings	10,000	5,000
	93,000	78,000
Additional Information:
1. Net income for 2017 was $49,000; Depreciation Expense for 2017 was $19,000.
2. Equipment was purchased for $43,200 and was paid for in cash. Other equipment with an original cost of $20,000 was sold at a $3,000 gain and was 50% depreciated at the time of sale.
3. During 2017, company declared and paid cash dividends
4. Land was old for a price equal to its historical cost.
5. Common stock was issued in 2017.
Required: Prepare a statement of cash flows (indirect method) for 2017.