Problem 17-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below ROTHLISBERGER COMPANY Balance Sheets Assets Cash Accounts recelvable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciati 2016 2017 57,600 47,800 43,600 151,600 14,300 96,300 197,000 (55,900) (30,900) 229,900 (43,600 (35,800) 64,100 145,800 21,200 130,400 197,000 156,600 uipment $690,800 $696,200 Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings $46,100 39,800 290,900 158,900 206,600 $690,800 $696,200 260,000 189,800 194,900 Total Additional Information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $6,900 2. Land was sold for cash at book value 3. Cash dividends of $56,100 were paid 4. Net income for 2017 was $44,400. 5. Equipment was purchased for $95,100 cash. In addition, equipment costing $21,800 with a book value of $12,600 was sold for $5,300 cash. 6. Bonds were converted at face value by issuing 30,900 shares of $1 par value common stock. Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g -15,000 or in parenthesis e.g. (15,000).)