Shown below are comparative balance sheets for Splish Brothers Company.

Splish Brothers Company Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$ 105,808			$ 34,232
Accounts receivable		136,928			118,256
Inventory		259,852			294,084
Land		124,480			155,600
Equipment		404,560			311,200
Accumulated depreciationequipment		(102,696	)		(49,792	)
Total		$928,932			$863,580
Liabilities and Stockholders Equity
Accounts payable		$ 60,684			$ 66,908
Bonds payable		233,400			311,200
Common stock ($1 par)		336,096			270,744
Retained earnings		298,752			214,728
Total		$928,932			$863,580

Additional information:

1.		Net income for 2017 was $144,708.
2.		Depreciation expense was $52,904.
3.		Cash dividends of $60,684 were declared and paid.
4.		Bonds payable amounting to $77,800 were redeemed for cash $77,800.
5.		Common stock was issued for $65,352 cash.
6.		No equipment was sold during 2017.
7.		Land was sold for its book value.

Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000)).

Splish Brothers Company Statement of Cash Flows Adjustments to reconcile net income to