Exercise 5-18 The comparative balance sheets of Marin Corporation at the beginning and end of the year 2017 appear below MARIN CORPORATION BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation-Equipment $21,350 107,350 40,350 $14,570 $6,780 Inc. 89,570 17,780 Inc. 23,570 16,780 Inc. (17,000) (11,000) 6,000 Inc. Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $152,050 $116,710 $21,350 101,350 29,350 $152,050 $16,570 4,780 Inc. 81,570 19,780 Inc. 18,570 10,780 Inc. Total $116,710 Net income of $45,350 was reported, and dividends of $34,570 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).)