The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $57,500 $49,900 Accounts receivable 40,000 64,900 Inventory 150,800 146,300 Prepaid expenses 13,900 26,600 Land 99,200 132,800 Buildings 198,400 198,400 Accumulated depreciationbuildings (59,400 ) (31,400 ) Equipment 228,400 155,800 Accumulated depreciationequipment (42,300 ) (37,500 ) Total $686,500 $705,800 Liabilities and Stockholders Equity Accounts payable $46,200 $39,200 Bonds payable 260,000 291,400 Common stock, $1 par 189,700 158,300 Retained earnings 190,600 216,900 Total $686,500 $705,800 Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $12,700. 2. Land was sold for cash at book value. 3. Cash dividends of $72,100 were paid. 4. Net income for 2017 was $45,800. 5. Equipment was purchased for $94,100 cash. In addition, equipment costing $21,500 with a book value of $12,300 was sold for $5,500 cash. 6. Bonds were converted at face value by issuing 31,400 shares of $1 par value common stock. Prepare a statement of cash flows for the year ended December 31, 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).) ROTHLISBERGER COMPANY Statement of Cash Flows