ABC COMPNY Dec. 31, 2016 Comparative Statement of Financial Position Dec. 31, 2017 Assets Equipment 60,000 Accumulated depreciationequipment (20,000) Long-term investments -0- Prepaid expenses 6,000 Inventory 25,000 Accounts receivable 18,000 Cash 33,000 Total assets 122,000 32,000 (14,000) 18,000 9,000 18,000 14,000 10,000 87,000 Equity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Total equity and liabilities 40,000 28,000 37,000 17,000 122,000 23,000 10,000 47,000 7,000 87,000 Additional information: 1. Net income for the year ending December 31, 2017 was 33,000. 2. Cash dividends of 15,000 were declared and paid during the year. 3. Long-term investments were sold at loss 4,000. 4. No equipment was sold. Instructions Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method