P12-Special The comparative balance sheets for ACCT 2110 Company as of December 31 are presented below ACCT 2110 COMPANY Comparative Balance Sheets December 31 18 2017 Assets $ 78,000 $96,000 76,000 52,000 22,000 110,000 300,000 (60,000) 264,000 Cash 70,000 counts receivable Inventory Prepaid expenses Land Buildings 55,000 18,000 144,000 300,000 so,000) 210,000 Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 90,000) 180,000) Total 5770,000 $745,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earning Total $35,000 400,000 120,000 190,000 $770.000 $45000 $26,000 350,000 170,000 Additional information: 1. Operating expenses include depreciation expense of $48,000. 2. Land was sold for cash at book value. 3. Cash dividends of $12,000 were paid. 4. Net income for 2017 was $46,000. 5. Equipment was purchased for $88,000 cash. In addition, equipment costing $34,000 with a book value of $6,000 was sold for $9,000 cash 6 Bonds were c stock Instructions a statement of cash fows for the year ended December 31, 2018 using the indirect method