Exercise 5-14 The comparative balance sheets of Flounder Inc. at the beginning and the end of the year 2017 are as follows. FLOUNDER INC. BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation-Equipment 45,330 94,070 42,070 20,070 $161,400 13,330 $32,000 Inc. 90,740 24,740 17,330 Inc. 11,000 3,330 Indc. 9,070 Inc Total $117,810 ies and Stockholder Accounts payable Common stock Retained earnings s 23,070 100,330 38,000 $161,400 17,740 82,740 17,590 Inc. 17,330 20,670 Inc. 5,330 Indc. Total $117,810 Net income of $47,070 was reported, and dividends of $26,400 were paid in 2017. New equipment was purchased and none was sold Prepare a statement of cash flows for the year 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) FLOUNDER INC. Statement of Cash Flows Adjustments to reconcile net income to Cash at Beginning of Year Cash at End of Year Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash