Ivanhoe Inc. had the following balance sheet at December 31, 2016.

IVANHOE INC.

BALANCE SHEET

DECEMBER 31,2016

Cash	$21,840	Accounts Payable	$31,840
Accounts Recievable	23,040	Notes Payable (Long Term)	42,840
Investments	33,840	Common Stock	101,840
Plant Asset (net)	81,000	Retained Earnings	25,040
Land	41,840		201,560
	201,560

During 2017, the following occurred. 1. Ivanhoe Inc. sold part of its investment portfolio for $15,331. This transaction resulted in a gain of $3,731 for the firm. The company classifies its investments as available-for-sale.

2. A tract of land was purchased for $14,840 cash.

3. Long-term notes payable in the amount of $16,331 were retired before maturity by paying $16,331 cash.

4. An additional $20,331 in common stock was issued at par.

5. Dividends of $8,531 were declared and paid to stockholders.

6. Net income for 2017 was $33,840 after allowing for depreciation of $11,331.

7. Land was purchased through the issuance of $36,840 in bonds.

8. At December 31, 2017, Cash was $38,840, Accounts Receivable was $43,440, and Accounts Payable remained at $31,840.

Question part (a) Prepare a statement of cash flows for 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

IVANHOE INC.

Statement of Cash Flows

For the Year Ended December 31,2017

Cash Flows From Operating Activities
Net Income		33,840
Adjustments to reconcile net income to
Net Cash Provided by Operating Activities
Depreciation Expense	11,331
Gain on Sale Investment	(3,731)
Increase in Accounts Recievable	(20,400)
		(12,800)
Net Cash Provided byOperating Activities		21,040
Cash Flows From Investing Activities
Sales of Investments	15,331
Purchase of Land	(14,840)
Net Cash Provided by INvesting Activities		491
Cash Flows From Financing Activites
Retirement of Notes Payable	(16,331)
Issuance of Common Stock	20,331
Payments of Cash Dividends	(8,531)
Net Cash Used by Financing Activities		(4,531)
Net Increase in Cash		17,000
Cash at Beggining of the Year		???
Cash at end of Year		???
NonCash Investing and Financing Activites

Land Purchased through Issuance of $ ___????____ of Bonds