Miroz Corporation's comparative balance sheets are presented below. MIROZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash $18,700 $22,700 Accounts receivable 24,700 22,300 Investments 25,000 16,000 Equipment 59,000 70,000 Accumulated depreciation (14,500 ) (10,000 ) Total $112,900 $121,000 Accounts payable $13,600 $11,100 Bonds payable 6,000 30,000 Common stock 50,000 45,000 Retained earnings 43,300 34,900 Total $112,900 $121,000 Additional information: 1. Net income was $17,700. Dividends declared and paid were $9,300. 2. Equipment which cost $11,000 and had accumulated depreciation of $2,000 was sold for $4,000. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Prepare a statement of cash flows for 2017 using the indirect method.