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The balance sheets for Bally Inc. show the following information. Additional information concerning transactions and events during 2017 are presented below: Bally Inc. Balance Sheet

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The balance sheets for Bally Inc. show the following information. Additional information concerning transactions and events during 2017 are presented below: Bally Inc. Balance Sheet in thous) December 31 Cash $10,200 $12,700 Accounts Receivable 53,400 20,300 Inventory 29,000 25,000 Investments-Equity Securities (Net) 14,000 13,000 460,000 315,000 266.500 150,000 Long Term Investments Common Stock Property, Plant & Equipment 35.600 .25,000) Accumulated Depreciation Total Assets $16,000 $26,500 Accounts Payable 17,000 Other Accrued Liabilities 28,000 35,000 Dividends Payable 150,000 100.000 Bonds Payable 50,000 100,000 Common Stock Additional Paid-Capital Common Stock 200,000 100,000 367,000 219,000 Retained Earnings Treasury Stock 796 000 $512.500 Total Liabilities and Stockholders' Equity Additional data for 2017: in thous) 1. Net Income for the year, s250,000 2. Plant that cost $15,000 were sold for $5,000. The gain of $2,000 on the sale was reported in net income. 3. Dividends declared were $102,000 4. During the year common stock was issued at an amount above par 5. Recorded an adjusting entry at year end for a $1,000 unrealized gain on equity securities. (note: the account Investments -Equity Securities is a net amount with the 6. Fair Value Adjustment account) During Bally uses the Equity Method of Accounting for Investments in Common Stock. 2017, Bally reported $10,000 of equity income. Instructions: Prepare a statement of Cash Flows (use the indirect method) for 2017 for Bally Inc

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