The comparative balance sheets for Rothlisberger Company as of December 31 are presented below.

Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2017 Cash $81,000 Accounts receivable 41,000 Inventory 151,450 Prepaid expenses 15,280 Land 105,000 Buildings 200,000 Accumulated depreciation-buildings (60,000) Equipment 221,000 Accumulated depreciation equipment (45,000) Total $709,730 Liabilities and Stockholders' Equity Accounts payable $47,730 Bonds payable 260,000 Common stock, $1 par 200,000 Retained earnings 202,000 Total $ 709,730 2016 $45,000 62,000 142,000 21,000 130,000 200,000 (40,000) 155,000 (35,000) $680,000 $40,000 300,000 160,000 180,000 $680,000 Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $5,720. 2. Land was sold for cash at book value. 3. Cash dividends of $20,000 were paid. 4. Net income for 2017 was $42,000. 5. Equipment was purchased for $88,000 cash. In addition, equipment costing $22,000 with a book value of $10,000 was sold for $6,000 cash. 6. Bonds were converted at face value by issuing 40,000 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 Adjustments to reconcile net income to