The comparative balance sheets of Grouper Inc. at the beginning and the end of the year 2017 are as follows.

GROUPER INC. BALANCE SHEETS
Dec.31,2017	Jan. 1, 2017	Inc./Dec.
Assets
Cash	$46,760	$14,760	$32,000	Inc.
Accounts receivable	94,360	89,600	4,760	Inc.
Equipment	42,360	23,600	18,760	Inc.
Less: Accumulated Depreciation-Equipment	20,360	11,000	9,360	Inc.
Total	$163,120	$116,960
Liabilities and Stockholders Equity
Accounts payable	$23,360	$16,600	6,760	Inc.
Common stock	101,760	81,600	20,160	Inc.
Retained earnings	38,000	18,760	19,240	Inc.
Total	$163,120	$116,960

Net income of $47,360was reported, and dividends of $28,120were paid in 2017. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2017.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

GROUPERINC. Statement of Cash Flows December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Depreciation ExpenseIncrease in Accounts ReceivableIncrease in Accounts PayablePayment of Cash DividendsIssuance of Common StockPurchase of EquipmentNet Income	$
Adjustments to reconcile net income to
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Increase in Accounts PayablePurchase of EquipmentIssuance of Common StockIncrease in Accounts ReceivablePayment of Cash DividendsNet IncomeDepreciation Expense	$
Payment of Cash DividendsIssuance of Common StockIncrease in Accounts ReceivablePurchase of EquipmentIncrease in Accounts PayableNet IncomeDepreciation Expense
Increase in Accounts ReceivableIncrease in Accounts PayablePurchase of EquipmentIssuance of Common StockPayment of Cash DividendsNet IncomeDepreciation Expense
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Purchase of EquipmentDepreciation ExpenseIncrease in Accounts ReceivableNet IncomeIncrease in Accounts PayableIssuance of Common StockPayment of Cash Dividends
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Increase in Accounts ReceivableDepreciation ExpenseIncrease in Accounts PayablePayment of Cash DividendsPurchase of EquipmentNet IncomeIssuance of Common Stock
Purchase of EquipmentNet IncomeIssuance of Common StockPayment of Cash DividendsDepreciation ExpenseIncrease in Accounts ReceivableIncrease in Accounts Payable
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash	$

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