Exercise 23-14 2 Your answer is partially correct. Try again. Grouper Inc., a greeting card company, had the following statements prepared as of December 31, 2017 GROUPER INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 5,900 $7,000 ,500 5400 7,800 Shot-bermm debt investments (avalilablefor-sale)35,400 Prepaid rent Equipment 34,700) 25,200 5,900 49,90 Copyrights 4,500 $39,600 Salaries and wages payable Short-term loand payable Long-term leans payable Cemman stock, $10 par Coneribubed Retained eamings Total Sabilities & stockholders equity ,000 ,900 apital, common ,000 30,000 314,100 GROUPER INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2017 Cost of goods sold Operating expenses Operabing income 11,500 Gain on sale of equipment Income before a Net income Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2017 0 875 Depreciation expense and amortization expense are included in operating expenses No unrealized gains or losses have occurred on the investments during the year 4 Equipment that had a cost of $19,900 and was 70% depreciated was sold during 2017 Prepare a statement of cash flows using the indirect method. (Show GROUPER INC. Statement of Cash Flows Prepaid Cash Flows from Click if yee would like to Show Work for this questioni Oeen Show Work