Presented below is a statement of cash flows for Plum, Inc., for the year ended December 31, 2017. Also shown is a partially completed comparative balance sheet as of December 31, 2017 and 2016. PLUM, INC. Statement of Cash Flows For the year ended December 31, 2017 Cash flows from operating activities: Net income $27,000 Add (deduct) items not affecting cash: Depreciation expense 135,000 Decrease in accounts receivable 69,000 Increase in inventory (21,000) Increase in short-term debt 15,000 Increase in notes payable 36,000 Decrease in accounts payable (18,000) Net cash provided by operating activities $243,000 Cash flows from investing activities: Purchase of equipment $(150,000) Purchase of buildings (144,000) Net cash used by investing activities (294,000) Cash flows from financing activities: Cash used for retirement of long-term debt $(75,000) Proceeds from issuance of common stock 30,000 Payment of cash dividends on common stock (9,000) Net cash used by financing activities (54,000) Net decrease in cash for the year $(105,000) PLUM, INC. Balance Sheets December 31, 2017, and 2016 2017 2016 Assets Current assets: Cash $ $264,000 Accounts receivable 219,000 Inventory 168,000 Total current assets $ $ Land 120,000 Buildings and Equipment 780,000 Less: Accumulated depreciation (369,000) Total land, buildings and equipment Total assets $ $ Liabilities Current liabilities: Short-term debt $96,000 $ Notes payable 108,000 Accounts payable 87,000 Total current liabilities $ $ Long-term debt 255,000 Stockholders Equity Common stock $120,000 Retained earnings Total stockholders equity $ $ Total liabilities and stockholders equity $ $ Required: (a.) Complete the December 31, 2017 and 2016 balance sheets. (b.) Prepare a Statement of Changes in Retained Earnings for the year ended December 31, 2017.