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Presented below is a condensed version of the comparative balance sheets for Skysong Corporation for the last two years at December 31. 2017 2016 Cash

Presented below is a condensed version of the comparative balance sheets for Skysong Corporation for the last two years at December 31.

2017 2016

Cash $ 371,700 $ 163,800

Accounts receivable 378,000 388,500

Investments 109,200 155,400

Equipment 625,800 504,000

Accumulated Depreciation-Equipment (222,600 ) (186,900 )

Current liabilities 281,400 317,100

Common stock 336,000 336,000

Retained earnings 644,700 371,700

Additional information: Investments were sold at a loss of $21,000; no equipment was sold; cash dividends paid were $63,000; and net income was $336,000.

Prepare a statement of cash flows for 2017 for Skysong Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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