E17-14 Comparative balance sheets for International Company are presented below. Prepare a worksheet. LO 5) INTERNATIONAL COMPANY Comparative Balance Sheets December 31 XLS 2017 s 73,000 85,000 180,000 75,000 250,000 (66,000) $597,000 Assets 2016 22,000 76,000 189,000 100,000 200,000 42,000) 545,000 Accounts receivable Inventory Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equit Accounts payable Bonds payable Common stock ($1 par) Retained earnings 34,000 150,000 214,000 199,000 597,000 47,000 200,000 164,000 34,000 545,000 Total Additional information: 1. Net income for 2017 was $135,000 2. Cash dividends of $70,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $50,000 cash 5. Depreciation expense was $24,000 6. Sales revenue for the year was $978,000. 7. Land was sold at cost, and equipment was purchased for cash Instructions Prepare a worksheet for a statement of cash flows for 2017 using the indirect method. Enter the reconciling items directly on the worksheet, using letters to cross-reference each entry