The comparative balance sheets forKingbirdCorporation show the following information.

The comparative balance sheets for Kingbird Corporation show the following information. December 31 2017 2016 Cash $32,700 $13,000 Accounts receivable 12,400 10,000 Inventory 12,200 9,100 Available-for-sale debt investments -0- 3,000 Buildings -0- 29,500 Equipment 50,500 20,100 Patents 5,000 6,300 $112,800 $91,000 Allowance for doubtful accounts $2,900 $4,600 Accumulated depreciation-equipment 2,000 4,600 Accumulated depreciation-building -0- 5,900 Accounts payable 5,000 2,900 Dividends payable -0- 5,000 Notes payable, short-term (nontrade) 2,900 4,000Long-term notes payable 31,300 24,900 Common stock 47,800 33,300 Retained earnings 20,900 5,800 $112,800 $91,000 Additional data related to 2017 are as follows. 1. Cash dividends paid were $5,000. 2. Equipment that had cost $10,900 and was 40% depreciated at time of disposal was sold for $2,000. 3. On January 1, 2017, the building was completely destroyed by a ood. Insurance proceeds on the building were $31,700. 4. A longterm note for $20,900 was issued for the acquisition of equipment. 5. $14,500 of the long-term note payable was paid by issuing common stock. 6. Investments (available-for-sale) were sold at $1,700 above their cost. The company has made similar sales and investments in the past. 7. Interest of $2,100 and income taxes of $6,500 were paid in cash. 8. Cash was paid for the acquisition of equipment. Prepare a statement of cash ows using the indirect method. (Show amounts that decrease cash ow with either a - sign e3. -15,000 or in parenthesis 8.3. (15,000).) Statement of Cash Flows For the Year Ended December 31, 2017 Adjustments to reconcile net income to net cash provided by operating activities: