prepare a statement of cash flows for the year ended December 31 2017.

PROBLEM 4 (20 points) A comparative balance sheet for Lexis Company appears below LEXIS COMPANY Comparative Balance Sheet Dec. 31. 2017 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment 73,000 87,000 170,000 72,000 260,000 $22,000 76,000 191,000 100,000 200,000 32.000) Total assets $596,000 Liablities and Stockholders' Fquity Accounts payable Bonds payable Common stock Retained earnings S 37,000 150,000 216,000 193 000 $596,000 $ 47.000 210,000 174,000 Total liabilities and stockholders' equity $557,000 1. Net income for the year ending December 31, 2017 was $100,000. 2. Cash dividends of $33,000 were declared and paid during the year 3. Land was sold at cost 4. Bonds payable were redeemed for cash $60,000. 5. Common stock was issued for $42,000 cash. 6. Additional Equipment was purchased for $110,000 cash. 7. $50,000 Equipment, with a book value of $30,000, was sold for $36,000 during 2017 Instructions: Prepare a statement of cash flows for the year ended December 31, 2017. Note: Write clearly and use proper labels [do not abbreviate]. To gain full credit you must write down the appropriate levels for each shown amount