Exercise 23-17 (Part Level Submission) Pronghorn Inc., had the following condensed balance sheet at the end of operations for 2016. Cash Current assets other than cash Equity investments Plant assets (net) Land PRONGHORN INC. BALANCE SHEET DECEMBER 31, 2016 $8,600 Current liabilities 29,300 Long-term notes payable 20,100 Bonds payable 67,500 Common stock 39.700 Retained earnings $165,200 $15,000 25,700 25,000 75,000 24,500 $165,200 During 2017, the following occurred. 1. A tract of land was purchased for $8,900. 2. Bonds payable in the amount of $15,000 were redeemed at par 3. An additional $9,900 in common stock was issued at par. 4. Dividends totaling $9,300 were paid to stockholders. 5. Net income was $30,000 after allowing depreciation of $13,400. 6. Land was purchased through the issuance of $22,700 in bonds. 7. Pronghorn Inc. sold part of its investment portfolio for $12,700. This transaction resulted in a gain of $2,000 for the company. No unrealized gains or losses were recorded on these investments in 2017. 8. Both current assets (other than cash) and current liabilities remained at the same amount. Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a - signe.g. -15,000 or in parenthesis e.g. (15,000).)