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Problem 5-6 Bonita Inc. had the following balance sheet at December 31, 2016. BONITA INC. BALANCE SHEET DECEMBER 31, 2016 Cash Accounts receivable Investments Plant assets (net) Land $24,160 25,360 35,160 81,000 44,160 $210,840 Accounts payable Notes payable (long-term) Common stock Retained earnings $34,160 45,160 104, 160 27,360 $210,840 During 2017, the following occurred. 2. 3. 4. 5. 6. 7. 8. Bonita Inc. sold part of its investment portfolio for $18,112. This transaction resulted in a gain of $5,512 for the firm. The company classifies its investments as available-for-sale. A tract of land was purchased for $17,160 cash. Long-term notes payable in the amount of $19,112 were retired before maturity by paying $1g,112 cash. An additional $23,112 in common stock was issued at par. Dividends of $11,312 were declared and paid to stockholders. Net income for 2017 was $36,150 after allowing for depreciation of $14,112. Land was purchased through the issuance of $39,160 in bonds. At December 31, 2017, Cash was $41,150, Accounts Receivable was $45,760, and Accounts Payable remained at $34, 160. 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).)