Shown below are comparative balance sheets for Sheffield Company Sheffield Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equi Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2017 2016 $70,040 90,640 172,010 82,400 267,800 $22,660 78,280 194,670 103,000 206,000 (67,980) (32,960) $614,910 $571,650 $40,170 154,500 222,480 197,760 $614,910 $44,290 206,000 179,220 142,140 $571,650 Additional information: Net income for 2017 was $95,790 2. Depreciation expense was $35,020 3. Cash dividends of $40,170 were declared and paid 4. Bonds payable amounting to $51,500 were redeemed for cash $51,500 5. Common stock was issued for $43,260 cash 6. No equipment was sold during 2017 1. Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a - signe 45,000, or in parenthesis e.g. (45,000)). Sheffield Company Statement of Cash Flows December 31, 2017 Cash Flows from Operating Activities 95790 Net Income Adjustments to reconcile net income to Net Cash used by Operating Activities 35020 Depreciation Expense Increase in Accounts Receivable 22660 Decrease in Inventory Decrease in Accounts Payable 130 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Equipment Purchase of Equipment Cash Flows from Financing Activities Payment of Cash Dividends Redemption of Bonds Issuance of Common Stock Click if you would like to Show Work for this question: Open Show Work