The comparative balance sheets for Carla Corporation show the following information.

See Problem 23-2 attachment

Additional data related to 2017 are as follows.

1.Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.

2.$10,000 of the long-term note payable was paid by issuing common stock.

3.Cash dividends paid were $5,000.

4.On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,300 (net of $2,000 taxes).

5.Investments (available-for-sale) were sold at $1,700 above their cost. The company has made similar sales and investments in the past.

6.Cash was paid for the acquisition of equipment.

7.A long-term note for $16,000 was issued for the acquisition of equipment.

8.Interest of $2,000 and income taxes of $6,500 were paid in cash.

Complete the statement of cash flows using the indirect method. Flood damage is unusual and infrequent in that part of the country.