CALCULATO Exercise 5-15 Presented below is a condensed version of the comparative balance sheets for Cheyenne Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Common stock Retained earnings 2017 $ 389,400 396,000 114,400 655,600 (233,200) 294,800 352,000 675,400 2016 $ 171,600 407,000 162,800 528,000 (195,800 ) 332,200 352,000 389,400 Additional information: Investments were sold at a loss of $22,000; no equipment was sold; cash dividends paid were $66,000; and net income was 352.000 CHEYENNE CORPORATION Statement of Cash Flows Adjustments to reconcile net income to