Sandhill Limited is a private company reporting under ASPE. Its comparative balance sheet at December 31 is as follows: SANDHILL LIMITED Balance Sheet December 31 Assets Cash Accounts receivable Inventory Prepaid insurance Equipment and vehicles Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Salaries payable Interest payable Notes payable Common shares Retained earnings Total liabilities and shareholders' equity $821,520 $633,600 2017 2016 $41,040 $30,600 270,000 216,000 180,000 118,800 6,480 9,000 450,000 360,000 (126,000) (100,800) $821,520 $633,600 $ 81,360 $ 72,000 10,800 14,400 9,360 7,200 180,000 126,000 216,000 144,000 324,000 270,000 Additional information: 1. Profit for 2017 was $72,000 2. Equipment was purchased during the year. No equipment was sold 3. Cash dividends were paid to the common shareholders during the year. Prepare the cash flow statement 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).)