Exercise 5-18 The comparative balance sheets of Crane Corporation at the beginning and end of the year 2017 appear below. CRANE CORPORATION BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash $22,200 $14,530 $7,670 Inc. Accounts receivable 108,200 89,530 18,670 Inc. Equipment 41,200 23,530 17,670 Inc. Less: Accumulated Depreciation-Equipment (17,000 ) (11,000 ) 6,000 Inc. Total $154,600 $116,590 Liabilities and Stockholders Equity Accounts payable $22,200 $16,530 5,670 Inc. Common stock 102,200 81,530 20,670 Inc. Retained earnings 30,200 18,530 11,670 Inc. Total $154,600 $116,590 Net income of $46,200 was reported, and dividends of $34,530 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).)