Following are a statement of cash flows (indirect method) for Harris, Inc., for the year ended December 31, 2017, and the firm's balance sheet at December 31, 2016 HARRIS, INC. Statement of Cash Flows For the year Ended December 31, 2017 Cash Flows from Operating Activities: Add (deduct) items not affecting cash: Increase in accounts receivable $ 15,600 29,300 (7,300) 32,100 4,900 $ 74,600 Decrease in merchandise inventory Net cash provided by operating activities Cash Flows from Investing Activities (92,000) 8,000 S (84,000) Proceeds from sale of land at its cost Net cash used by investing activities Cash Flows from Financing Activities: Payment of short-term debt Payment of notes payable Proceeds from issuance of long-term debt Proceeds from issuance of common stock Payment of cash dividends on common stock (4,400) (11,700) 15,700 10,600 (6,300) Net cash provided by financing activities Net decrease in cash for the year $ (5,500) HARRIS, INC At December 31, 2016 Accounts receivable Merchandise inventory S 16,400 62,000 78,200