Exercise 5-16 (Part Level Submission) A comparative balance sheet for Whispering Corporation is presented below December 31 2017 Assets Cash Accounts receivable 2016 72,740 22,000 67,480 190,480 72,220 111,480 201,480 83,220 181,220 Land Equipment Accumulated Depreciation-Equipment 261,220 (70,220) (43,480) Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings $600,400 $549,440 5 35,220 48,480 200,000 214,000 164,000 136,960 5600,400 $549,440 150,000 201,180 Total Additional information: 1. Net income for 2017 was $127,440. No gains or losses were recorded in 2017 2. Cash dividends of $63,220 were declared and paid 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. Prepare a statement of cash flows for 2017 for Whispering Corporation. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) WHISPERING CORPORATION Statement of Cash Flows Adjustments to reconcile net income to