Sunny Technologies Inc. began operations on January 1, 2016. Its post-closing trial balance at December 31, 2016 and 2017, is shown below along with some other information. Sunny Technologies Inc. Income Statement For Year Ended December 31, 2017 Revenues: Sales Cost of goods sold Gross Profit Expenses and other Other expenses Depreciation expense Total operating expenses $627,400 483,400 144,000 $155,400 25,800 181,200 (37,200) 21,000 Operating Profit (Loss) Loss on sales of plant assets Profit (Loss) $(58,200) Sunny Technologies Inc. Post-Closing Trial Balance December 31 2016 76,820 30,600 35,400 190,420 53,000 62,400 6,600 40,020 8,000 163,220 2017 $62,800 42,000 27,400 230,600 64,200 50,160 Account Cash Receivables Merchandise inventory Property, plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Notes payable Common shares Retained eamings 11,400 97,620 49,620 89,800 Other information regarding Sunny and its activities during 2017: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold during the year. 4. Plant assets worth $99,400 were purchased during the year by paying cash of $32,200 and issuing a long-term note payable for the balance. Required: Using the information provided, prepare a statement of cash flows (applying the indirect method) for the year ended December 31, 2017. (List any deduction in cash and cash outflows and loss as negative amounts.) SUNNY TECHNOLOGIES INC Statement of Cash Flows For Year Ended December 31, 2017 Cash flows from operating activities: Adjustments to reconcile profit to net cash inflows from operating activities: Cash flows from investing activities: Cash flows from financing activities