PI. The comparative balance sheets for Lily Company as of Dec. 31st appear below 201 S 47,000$15,000 22,000 201 ash ccounts receivable erchandise Invento uipment ccumulated depreciation an otal assets 20,000 20 65.000 21,000 35,000 30,000 16,000 20,000 86,000 Accounts payable S 23,000$13,000 ales Taxes Pavable onds Payable ommon stock etained earnings otal liabilities and SE 45,000 60,000 33,000 166,000 20,000 30,000 14,000 $86,000 Sales $500,000 $375,000 Cost of goods sold 280,000175,000 150.000 120.000 36,000 S34,000$50,000 ating expenses Income Tax Expense Net income 30,000 Additional information for 2017 (a) Dividends paid totaled $15,000 (b) Equipment that had cost $10,000 with accumulated depreciation of $7,000 as of disposal time was sold for $4,000 in cash. Additional equipment was purchased in cash. (c) $10,000 of land purchased in 2017 was paid with shares of common stocks Prepare a statement of cash flows for 2017 using indirect method