Prepare a worksheet for a statement of cash flows for 2017 using the indirect method. Enter the reconciling items directly on the worksheet.

Exercise 17-14 Comparative balance sheets for International Company are presented below INTERNATIONAL COMPANY Comparative Balance Sheets December 31 2017 2016 $73,000 $22,000 Accounts receivable 85,000 75,000 100,000 250,000 200,000 Accumulated 42,000 $597,000 abilities and Stockholde Accounts payable $34,000 $17,000 Bonds payable 150,000 200,000 Common stock (si par) 214,000 Retained earnings 134,000 97,000 Additional information 1. Net income for 2017 was $135,000. 2. Cash dividends of $70,000 were declared and paid 3. Bonds payable amounting $50,000 were redeemed for cash $50,000. Common stock was issued for $50,000 cash. 5. Depreciation expense was $24,000. 6. revenue for the year was $978,000 7. Land was sold at cost, and equipment was purchased for cash. Prepare a worksheet for a statement of cash flows for 2017 using the indirect method. Enter the reconding items directly on the worksheet INTERNATIONAL COMPANY Statement of Cash Hows Reconciling Items Balance Sheet Accounts Balance 12/31/16 Balance 12/31/17 Accounts receivable Accumulated depreciation-equipment Accounts payable Bonds payable