you should be able to prepare a SCF.

Ds balance sheets as of December 31, 2016 and 2017 are presented below:

2016 2017

Cash $ 40,000 $ 95,000

Prepaid expenses 30,000 85,000

Property, plant, and equipment at cost 100,000 100,000

Accumulated depreciation ( 35,000) ( 40,000)

TOTAL ASSETS $135,000 $240,000

Accrued liabilities $ 10,000 $ 15,000

Dividends payable 0 10,000

Common stock 5,000 5,000

Additional paid-in-capital 40,000 40,000

Retained earnings 80,000 170,000

TOTAL LIABILITIES & SE $135,000 $240,000

SELECTED OTHER INFORMATION:

1.During 2017, D reported net income of $130,000.

2.During 2017, D declared four quarterly dividends. 2017 was the first year in which D declared dividends.

3.During 2017, D did NOT enter into any non-cash investing or financing activities.

Prepare Ds Statement of Cash Flows (in good form) for the year ended December 31, 2017. D uses the indirect method.