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Exercise 5-17 Tamarisk Corporation's balance sheet at the end of 2015 included the following items. 121,580 Current assets (Cash $82,000) $236, 580 31,610 91,610 (31,580 ) (11,000 ) 41,580 $480,380 Current liabilities $151,580 Land Buildings Equipment Accum. depr.-buildings Accum. depr.-equipment Patents Total The following Bonds payable Common stock 101,580 181,510 Retained earnings 45,610 Total $480,380 2. 3. 4. 5. 6. 7. 8. 9. 10. information is available for 2017. Net income was $50,500. Equipment (cost $21,580 and accumulated depreciation $9,580) was sold for $11,580. Depreciation expense was $5,580 on the building and $10,580 on equipment. Patent amortization was $2,500. Current assets other than cash increased by $2g,ooo. Current liabilities increased by $14,580. An addition to the building was completed at a cost of $28,580. A long-term investment (Equity) in stock was purchased for $15,000. Bonds payable of $51,610 were issued. Cash dividends of $30,000 were declared and paid. Treasury stock was purchased at a cost of $11,000. Z] Your answer is partially correct. Try again. 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).)