Exercise 5-16 (Part Level Submission) A comparative balance sheet for Oriole Corporation is presented below. December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2017 $ 72,830 84,220 182,220 73,220 262,220 (71,220) $603,490 2016 $ 22,000 68,390 191,390 112,390 202,390 (44,390) $552,170 $ 36,220 150,000 214,000 203,270 $603,490 $ 49,390 200,000 164,000 138,780 $552,170 Additional information: 1. Net income for 2017 was $129,440. No gains or losses were recorded in 2017. 2. Cash dividends of $64,950 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. (a) Prepare a statement of cash flows for 2017 for Oriole Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) ORIOLE CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Issued common stock to retire $ of bonds outstanding