Here are comparative balance sheets for Velo Company VELO COMPANY Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Inventory Land $72,800 $33,200 70,700 170,200 187,000 72,700 100,700 260,700 200,600 Accumulated depreciation-equipment(65,700) (33,500) $597,200 $558,700 86,500 Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings $35,400 $46,500 149,800 203,300 218,000 173,000 94,000 135,900 $597,200 $558,700 Total Additional information: 1. Net income for 2017 was $103,600. 2. Cash dividends of $45,500 were declared and paid 3. Bonds payable amounting to $53,500 were redeemed for cash $53,500. 4. Common stock was issued for $45,000 cash. 5. No equipment was sold during 2017, but land was sold at cost. Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000, or in parenthesis e.g. (15,000).)