You are the controller of the Avery Corporation. On December 31, 2017, the firm's fiscal year end, you have the following information in front of you: December 31, 2017 December 31, 2016 Assets: Cash $22,990 $16380 Prepaid rent expense 6,200 5,380 Intangible Assets, net 1,090 1,300 PP&E, net 16,770 14,300 Total Assets 47,050 37,360 Liabilities Accounts payable 540 390 Wages payable 490 720 Long term debt 7,310 8,100 Total liabilities 8,340 9,210 Shareholders' equity: Common stock 840 240 Additional paid in capital 5,300 1,400 Retained earnings 32,570 26,510 Total shareholders' equity 38710 28,150 Total liabilities and shareholders' equity 47,050 37,360 During the fiscal year 2017, the following events occurred: 1. The company did not acquire or sell intangible assets in 2017. 2. Depreciation expense was $1,750 in 2017. 3. The company sold PP&E for $7,900 in cash. The net book value of PP&E sold was $6,880. 4. The company purchased new PP&E, in cash. 5. There was no impairment of PP&E in 2017. 6. The company declared and paid a $240 dividend during 2017. 7. Some of the debt at the beginning of the year was paid in 2017. The company didn't take on new debt during 2017. 8. The company issued 300 shares with a par value of $2 per share for a price of $15. Required: Prepare the statement of cash flows for the year ended December 31, 2017