Maroon Six Inc. had the balance sheet shown below at December 31, 2016.

MAROON SIX INC.

BALANCE SHEET

DECEMBER 31, 2016

Cash $ 31,000 Accounts payable $ 61,000

Accounts receivable $ 56,800 Notes payable (long-term) $76,000

Investments $ 86,000 Common stock $200,000

Plant assets (net) $138,500 Retained earnings $41,300

Land $ 66,000

Total $378,300 Total $378,300

During 2017, the following occurred.

1. Maroon Six Inc. sold part of its investment portfolio for $20,000. This transaction resulted in a loss of $2,100 for the firm. The company classifies its investments as available-for-sale.

2. A tract of land was purchased for $25,000 cash.

3. Long-term notes payable in the amount of $30,000 were retired before maturity by paying $30,000 cash.

4. An additional $43,000 in common stock was issued at par.

5. Dividends of $20,000 were declared and paid to stockholders.

6. Net income for 2017 was $21,000 after allowing for depreciation of $9,000.

7. Land was purchased through the issuance of $61,000 in bonds payable.

8. At December 31, 2017, Cash was $46,100, Accounts Receivable was $61,800, and Accounts Payable remained at $61,000.

Prepare a statement of cash flows for 2017.