Exercise 4 - Statement of Cash Flows A comparative balance sheet for Talkington Corporation is presented below. December 31 Assets 2017 2016 Cash $ 68,000 $ 22,000 Accounts receivable 82,000 66,000 Inventory 170,000 189,000 Land 71,000 110,000 Equipment 280,000 200,000 Accumulated depreciation-equipment (74,000) (42,000) Total $597.000 $545,000 Liabilities and Stockholders' Equity Accounts payable $ 34,000 $ 47,000 Bonds payable 150,000 200,000 Common stock ($1 par) 164,000 164,000 Retained earnings 249,000 134.000 Total $597,000 $545,000 Additional information: 1. Net income for 2017 was $155,000; there were no gains or losses. 2. Cash dividends of $40,000 were declared and paid. 3. Bonds payable of $50,000 were retired. Instructions: Compute each of the following: 1. Net cash provided by operating activities 2. Net cash provided (used) by investing activities 3. Net cash provided (used) by financing activities