MITCH COMPANY Comparative Balance Sheets December 31 2016 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipmen Total Liabilities and Stockholders Equity2017 Accounts payable Bonds payable Common stock ($1 par) Retained eamings Total 2017 s 68,000 $ 22,000 88,000 76,000 167,000 189,000 80,000 100,000 260,000 200,000 t (66,000) 2,000) $597,000 $555,000 2016 $ 39,000 43,000 150,000 200,000 216,000 174,000 192,000 138,000 $597.000 S555.000 Additional information: . Net income for 2017 was $93,000 Depreciation expense was S34,000 . Cash dividends of $39.000 were declared and paid . . Bonds payable amounting to $50,000 were redeemed for cash $50,000, Common stock was issued for $42,000 cash. . . No equipment was sold during 2017 . Land was sold for its book value. Instructions Prepare a statement of cash flows for 2017 using the indirect method