xercise 23-17 Splish Inc., had the following condensed balance sheet at the end of operations for 2016 SPLISH INC. BALANCE SHEET DECEMBER 31, 2016 Cash Current assets other than cash Equity invesments Plant assets (net) Land $8,500 29,200 19,900 68,200 39,700 $165,500 Current liabilities Long-term notes payable Bonds payable Common stock Retained earnings $14,900 25,400 25,000 75,000 25,200 $165,500 uring 2017, the following occurred . A tract of land was purchased for $8,900 2. Bonds payable in the amount of $15,000 were redeemed at par . An additional $10,000 in common stock was issued at par 4. Dividends totaling $9,400 were paid to stockholders. . Net income was $30,200 after allowing depreciation of $13,600 . Land was purchased through the issuance of $22,600 in bonds Splish Inc. sold part of its investment portfolio for $12,700. This transaction resulted in a gain of $2,000 for the company. No unrealized gains or losses were recorded on these investments in 2017 . Both current assets (other than cash) and current liabilities remained at the same amount. repare a statement of cash flows for 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).)