Omega Corporation's comparative balance sheet accounts worksheet at December 31, 2017 and 2016, follow, together with a column showing the increase (decrease) from 2016 to 2017.

Comparative Balance Sheet Worksheet

Additional Information:
• On December 31, 2016, Omega acquired 25% of Belle Company's common stock for $275,000. On that date, the carrying value of Belle's assets and liabilities, which approximated their fair values, was $1,100,000. Belle reported income of $120,000 for the year ended December 31, 2017. No dividend was paid on Belle's common stock during the year.
• During 2017, Omega loaned $300,000 to Chase Company, an unrelated company. Chase made the first semiannual principal repayment of $30,000 plus interest at 10%, on October 1, 2017.
• On January 2, 2017, Omega sold equipment for $40,000 cash that cost $60,000 and had a carrying amount of $35,000.
• On December 31, 2017, Omega entered into a capital lease for an office building. The present value of the annual rental payments is $400,000, which equals the building's fair value. Omega made the first rental payment of $60,000, when due, on January 2, 2018.
• Net income for 2017 was $360,000.
• Omega declared and paid cash dividends for 2017 and 2016 as follows:
___________________________________20172016
Declared.......................................12/15/17..........12/15/16
Paid...............................................2/28/18............2/28/17
Amount.........................................$80,000...........$90,000
Required:
Prepare an indirect method statement of cash flows for Omega Corporation for the year ended December 31, 2017, using the worksheet method illustrated in the Chapter 4 appendix.

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$ 700,000 $100,000 Accounts receivable Property, plant, and equipment Accumulated depreciation Investment in Belle Company (1,040,000) 270,000 $ 710,000 $ 60,000 (20,000) $5,785.000 $ 955,000 Income taxes payable Capital lease obligation Capital stock, common, $1 par Additional paid-in capital 1,500,000 2,970,000 6,495,000 2,690,000 $5,785.000 280,000 $ 710,000 Total liabilities and stockholders' equity