Exercise 5-16 (Part Level Submission) A comparative balance sheet for Sunland Corporation is presented below. December 31 Assets 2017 2016 Cash $ 72,740 $ 22,000 Accounts receivable 83,220 67,480 Inventory 181,220 190,480 Land 72,220 111,480 Equipment 261,220 201,480 Accumulated Depreciation-Equipment (70,220 ) (43,480 ) Total $600,400 $549,440 Liabilities and Stockholders' Equity Accounts payable $ 35,220 $ 48,480 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 201,180 136,960 Total $600,400 $549,440 Additional information: 1. Net income for 2017 was $127,440. No gains or losses were recorded in 2017. 2. Cash dividends of $63,220 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. Collapse question part (a) Partially correct answer. Your answer is partially correct. Try again. Prepare a statement of cash flows for 2017 for Sunland Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)