The comparative balance sheets of Headland Inc. at the beginning and the end of the year 2017 are as follows. HEADLAND INC. BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash $ 48,060 $ 16,060 $32,000 Inc. Accounts receivable 95,240 89,180 6,060 Inc. Equipment 43,240 23,180 20,060 Inc. Less: Accumulated Depreciation-Equipment 21,240 11,000 10,240 Inc. Total $165,300 $117,420 Liabilities and Stockholders Equity Accounts payable $ 24,240 $ 16,180 8,060 Inc. Common stock 103,060 81,180 21,880 Inc. Retained earnings 38,000 20,060 17,940 Inc. Total $165,300 $117,420 Net income of $48,240 was reported, and dividends of $30,300 were 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).) HEADLAND INC. Statement of Cash Flows $ Adjustments to reconcile net income to $ $