Here are comparative statements of financial position for Syal SE.

Additional information:
1. Net income for 2017 was ‚¬103,000.
2. Depreciation expense was ‚¬32,000.
3. Cash dividends of ‚¬45,000 were declared and paid.
4. Bonds payable amounting to ‚¬50,000 were redeemed for cash ‚¬50,000.
5. Ordinary shares were issued for ‚¬42,000 cash.
6. No equipment was sold during 2017.
7. Land was sold for its book value of ‚¬27,000.
Instructions
Prepare a statement of cash flows for 2017 using the indirect method.

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SYAL SIE Comparative Statements of Financial Position December 31 Assets Land Equipment Accumulated depreciation-equipment Inventory Accounts receivable Cash 2017 73,000 260,000 (66,000) 170,000 85,000 73,000 595,000 2016 100,000 200,000 (34,000) 187,000 71,000 33,000 557,000 Total Equity and Liabilities Share capital-ordinary (1 par) Retained earnings Bonds payable Accounts payable 216,000 194,000 150,000 35,000 595,000 174,000 136,000 200,000 47,000 557,000 Total