Q.3 Below is the comparative balance sheet for Walter Ibkis Corporation Dec. 31, Dec. 31, 2017 2016 Cash $ 16,500 $ 21,000 Short-term investments 25,000 19,000 Accounts receivable 43,000 45,000 Allowance for doubtful accounts (1,800) (2000) Prepaid expenses 4200 2,500 Inventory 81,500 65,000 Land 50,000 50,000 Buildings 125,000 73,500 Accumulated depreciation--buildings Equipment (30,000) (23,000) 53,000 46,000 Accumulated depreciation equipment (19,000) (15,500) Delivery equipment 39,000 39,000 Accumulated depreciation-delivery (22,000) (20,500) equipment Patents 15,000 -0- 4900,00 Accounts payable Short-term notes payable (trade) Accrued payables Mortgage payable Bonds payable Common stock Paid-in capital in excess of par Retained earnings 379,400 Dec 31, 2017 $26,000 4,000 3,000 73,000 50,000 140,000 10,000 73,400 Dec 31, 2016 $16,000 6,000 4,600 53.400 62,500 102,000 4,000 51,500 $379,400 $300,000 Dividends in the amount of $15,000 were declared and paid in 2017. Instructions: From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short-term investments are considered available- for-sale and no un realized gains or losses have occurred on these securities