The comparative balance sheets for Laughlin, Inc. are shown below:

Additional data: a. Bought equipment for cash. b. Paid $14,700 on the long term note payable c. Issued new shares of stock for $38,050 cash. d. Dividends of $650 were paid. e. Income statement amounts: Net income = 26,800; Depreciation expense = 11,700

Instruction: Prepare a statement of cash flows for the year ended December 31, 2017. Use formulas with cell references to calculate increase and decreases to current assets and current liabilities, net cash flows provided by operating activities, net cash flows provided by investing activities, net cash flows provided by financing activities, increase in cash and ending balance in cash.