Please prepare the statement of cash flows using the following information Additional information: 1. Net income for 2017 was $46,000. 2. Operating expenses include depreciation expense of $48,000. 3. 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. 4. Land was sold for cash at book value. 5. Bonds were converted at face value by issuing 50,000 shares of $1 par value common stock. 6. Cash dividends of $12,000 were paid