Problem 5-6 Indigo Inc. had the following balance sheet at December 31, 2016. INDIGO INC. BALANCE SHEET DECEMBER 31, 2016-Prepare an unclassified balance sheet as it would -appear at December 31, 2017-Compute two cash flow ratios.

Cash $21,470 Accounts payable $31,470 Accounts receivable 22,670 Notes payable (long-term) 42,470 Investments 33,470 Common stock 101,470 Plant assets (net) 81,000 Retained earnings 24,670 Land 41,470 $200,080 $200,080 During 2017, the following occurred. 1. Indigo Inc. sold part of its investment portfolio for $15,463. This transaction resulted in a gain of $3,863 for the firm. The company classifies its investments as available-for-sale. 2. A tract of land was purchased for $14,470 cash. 3. Long-term notes payable in the amount of $16,463 were retired before maturity by paying $16,463 cash. 4. An additional $20,463 in common stock was issued at par. 5. Dividends of $8,663 were declared and paid to stockholders. 6. Net income for 2017 was $33,470 after allowing for depreciation of $11,463. 7. Land was purchased through the issuance of $36,470 in bonds. 8. At December 31, 2017, Cash was $38,470, Accounts Receivable was $43,070, and Accounts Payable remained at $31,470.

Prepare a statement of cash flows for 2017.