Kieso, Intermediate Accounting, 16e Exercise 5-16 (Part Level Submission) A comparative balance sheet for Marigold Corporation is presented below. December 31 2017 2016 Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment $72,750$22,000 831 68,160 181,910 191,160 72,910 112,160 261,910202,160 (70,910) (44,160) $602,480 $551,480 Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings $35,91049,160 150,000200,000 214,000164,000 202,570138,320 $602,480 $551,480 Total Additional information: 1. Net income for 2017 was $128,820. No gains or losses were recorded in 2017 2. Cash dividends of $64,570 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. !(a) Your answer is correct. Prepare a statement of cash flows for 2017 for Marigold Corporation. (Show amounts that deca MARIGOLD CORPORATION Statement of Cash Flows