Sunland Inc., had the following condensed balance sheet at the end of operations for 2016. SUNLAND INC. BALANCE SHEET DECEMBER 31, 201 6 Cash $8,400 Current liabilities $14,900 Current assets other than cash 28,900 Long-term notes payable 25,700 Equity investments 20,000 Bonds payable 25,000 Plant assets (net) 67,400 Common stock 75,000 Land 39,600 Retained earnings 23,700 $164,300 $164,300 During 2017, the following occurred. 1. A tract of land was purchased for $9,100. 2. Bonds payable in the amount of $15,000 were redeemed at par. 3. An additional $10,000 in common stock was issued at par. 4. Dividends totaling $9,500 were paid to stockholders. 5. Net income was $30,500 after allowing depreciation of $13,400. 6. Land was purchased through the issuance of $22,400 in bonds. 7. Sunland Inc. sold part of its investment portfolio for $12,700. This transaction resulted in a gain of $2,000 for the company. No unrealized gains or losses were recorded on these investments in 2017. 8. Both current assets (other than cash) and current liabilities remained at the same amount . (a) Prepare a statement of cash flows for 2017 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).) SUNLAND INC. Statement of Cash Fl ows $ Adjustments to reconcile net income to $