INTERNATIONAL COMPANY Comparative Balance Sheets December 31 2017 2016 Assets Cash $73,000 $22,000 76,000 180,000 189,000 75,000 100,000 250,000 200,000 Accumulated depreciation equipment-66,000 4000 $597,000 $545,000 Accounts receivable Inventony Land Equipment 85,000 Total Liabilities and Stockholders' Equit Accounts payable Bonds payable Common Stock ($1 par) Retained earnings $34,000 $47,000 150,000 200,000 214,000 164,000 199,000 134,000 $597,000 $545,000 Total Additional information: Net income for 2017 was $135,000 Cash dividends of $70,000 were declared and paid Bonds payable amounting to $50,000 were redeemed for cash $50,000 Common stock was issued for $50,000 cash. Depreciation expense was $24,000 Sales for the year were $978,000 2. 3 4 6 Instructions Prepare a worksheet for a statement of cash flows for 2017 using the indirect method. Enter the reconciling items directly on the worksheet, using letters to cross-reference each entry NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a