Exercise 5-17 (Part Level Submission) Shamrock Corporation's balance sheet at the end of 2016 included the following items. Current assets (Cash $82,000) $236,330 Land Buildings Equipment Accum. depr-buildings Accum. depr-equipment Patents Current liabilities $151,330 101,330 181,550 31,550 Bonds payable 121,330 Common stock 91,550 Retained earnings 45,550 (31,330) Total (11,000) 41,330 $479,760 Total $479,760 The following information is available for 2017 1. Net income was $55,120 2. Equipment (cost $21,330 and accumulated depreciation $9,330) was sold for $11,330 3. Depreciation expense was $5,330 on the building and $10,330 on equipment. 4. Patent amortization was $2,500 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,330 6. An addition to the building was completed at a cost of $28,330. 7. A long-term investment (Equity) in stock was purchased for $16,000. 8. Bonds payable of $51,550 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000 Prepare a statement of cash flows for 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SHAMROCK CORPORATION Statement of Cash Flows Adjustments to reconcile net income to