Silverman Corporation Compa rative Balance Sheet ASSETS 2017 2016 Cash Accounts Receivable (net) Pre-paid Insurance Land Equipment Accumulated Depreciation 37,000 80,000 22,000 18,000 70,000 20,000 207,000 31,000 60,000 17,000 40,000 60,000 13,000 195,000 Total Assets Liabilities and Stockholders' Equity Accounts Payable Bonds Payable Common Stock Retained Earnings Total Liabilites and Stockholders Equity 12,000 27,000 140,000 28,000 207,000 6,000 19,000 115,000 55,000 195,000 Additional Information Net loss for 2017 is 12,000. Net Sales for 2017 are 250,000 Cash dividends were declared and paid in 2017. Land was sold for cash at a loss of 2,000. This was the only land transaction during the year Equipment with a cost of 15,000 and accumulated depreciation of 10,000 was sold for 5,000 12,000 of bonds were retired during the year at carrying (book) value Equipment was acquired for common stock, The fair value of the common stock at the time of the exchange was 25,000 Prepare a statement of cash flows for 2017 using the INDIRECT METHOD