Complete balance sheet and prepare a statement of changes in retained earnings Following is a statement of cash flows (indirect method) for Hartford, Inc., for the year ended December 31, 2017. Also shown is a partially completed comparative balance sheet as of December 31, 2017 and 2016: $ 54,000 HARTFORD, INC. Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities: Net income.... Add (deduct) items not affecting cash: Depreciation expense Decrease in accounts receivable Increase in inventory Increase in notes payable Decrease in accounts payable.. Net cash provided by operating activities Cash Flows from Investing Activities: Purchase of equipment. Purchase of buildings Net cash used by investing activities Cash Flows from Financing Activities: Proceeds from short-term debt... Cash used for retirement of long-term debt.. Proceeds from issuance of common stock .. Payment of cash dividends on common stock Net cash used by financing activities Net decrease in cash for the year. 270,000 138,000 (42,000) 72,000 (36,000) $ 456,000 $(300,000) (288,000) $(588,000) $ 30,000 (150,000) 60,000 (18,000) $ (78,000) $(210,000 HARTFORD, INC. Comparative Balance Sheets At December 31, 2017 and 2016 2017 2016 $ $ 528,000 438,000 Assets Current assets: Cash. Accounts receivable Inventory.... Total current assets. Land Buildings and equipment Less: Accumulated depreciation. Total land, buildings, and equipment. Total assets 336,000 $ $ 1,560,000 $ 240,000 $ $ (738,000) $ $ $ 174,000 192,000 216,000 $ Liabilities Current liabilities: Accounts payable.. Short-term debt. Notes payable Total current liabilities Long-term debt Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ $ 510,000 $ 240,000 $ $ $ $ Required: a. Complete the December 31, 2017 and 2016 balance sheets. b. Prepare a statement of changes in retained earnings for the year ended December 31, 2017