Shown below are comparative balance sheets for Wildhorse Company. Wildhorse Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2017 2016 $ 71,740 $ 23,210 92,840 80,180 Inventory Land Equipment Accumulated depreciation-equipment 176,185 199,395 84,400 105,500 274,300 211,000 (69,630 ) (33,760 ) Total $629,835 $585,525 Liabilities and Stockholders' Equity Accounts payable $ 41,145 $45,365 Bonds payable 158,250 211,000 Common stock ($1 par) 227,880 183,570 Retained earnings 202,560 145,590 Total $629,835 $585,525 Additional information: 1. Net income for 2017 was $98,115. 2. Depreciation expense was $35,870. 3. Cash dividends of $41,145 were declared and paid. 4. Bonds payable amounting to $52,750 were redeemed for cash $52,750. 5. Common stock was issued for $44,310 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)).