HEATHCOTE COMPANY Comparative Balance Sheet
				Dec. 31, 2017		Dec. 31, 2016
Assets
Cash		$ 24,000			$11,000
Accounts receivable		18,000			13,000
Inventory		25,000			17,000
Prepaid expenses		6,000			9,000
Long-term investments		-0-			17,000
Equipment		60,000			33,000
Accumulated depreciationequipment		(20,000)			(15,000)
	Total assets	$113,000			$85,000
Liabilities and Stockholders' Equity
Accounts payable			$ 17,000		$ 7,000
Bonds payable			36,000		45,000
Common stock			40,000		23,000
Retained earnings			20,000		10,000
	Total liabilities and stockholders' equity		$113,000		$85,000

Additional information:

1.	Net income for the year ending December 31, 2017 was $25,000.
2.	Cash dividends of $15,000 were declared and paid during the year.
3.	Long-term investments that had a cost of $17,000 were sold for $14,000.
4.	Sales for 2017 were $320,000.

Instructions

Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method