Expert Q\&A Chahal Mining Inc.'s comparative balance sheet information at December 31,2017 , and 2016, and its income statement for the year ended December 31, 2017, are as follows: During 2017, the following transactions occurred: Issued $14,000 of bonds payable at face value. Sold the non-current investment on January 1 , 2017 , for $16,800, resulting in investment income of $6,720. Sold equipment for $3,920 cash that had originally cost $17,920 and had $11,760 of accumulated depreciation Expert Q\&A ZU16, and its income statement tor the year ended December 31, 2017, are as follows: During 2017, the following transactions occurred: Issued $14,000 of bonds payable at face value. Sold the non-current investment on January 1 , 2017 , for $16,800, resulting in investment income of $6,720. Sold equipment for $3,920 cash that had originally cost $17,920 and had $11,760 of accumulated depreciation Purchased equipment for $11,200 cash. Required: Prepare a statement of cash flows for 2017 using the direct method to report cash inflows and outflows from operating activities