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 $59,000 $47,700 Accounts receivable 41,600 62,200 Inventory 150,200 143,200 Prepaid expenses 14,600 26,100 Land 97,200 130,600 Buildings 199,000 199,000 Accumulated depreciationbuildings (58,100 ) (31,600 ) Equipment 228,800 155,500 Accumulated depreciationequipment (44,400 ) (37,300 ) Total $687,900 $695,400 Liabilities and Stockholders Equity Accounts payable $46,100 $39,500 Bonds payable 260,000 291,600 Common stock, $1 par 191,100 159,500 Retained earnings 190,700 204,800 Total $687,900 $695,400 Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $11,500. 2. Land was sold for cash at book value. 3. Cash dividends of $59,900 were paid. 4. Net income for 2017 was $45,800. 5. Equipment was purchased for $94,300 cash. In addition, equipment costing $21,000 with a book value of $12,600 was sold for $5,000 cash. 6. Bonds were converted at face value by issuing 31,600 shares of $1 par value common stock. Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method.