Kieso, Intermediate Accounting, 16e Exercise 5-18 The comparative balance sheets of Shamrock Corporation at the beginning and end of the year 2017 appear below. SHAMROCK CORPORATION BALANCE SHEETS Dec. 31, 2017 Jan. 1, 2017 Inc./Dec. Assets Cash Accounts receivable Equipment $21,580 107,580 40,580 $15,260 $6,320 Inc. 0,260 17,320 Ine. 24,26016,320 Inc. Less: Accumulated Depreciation-Equipment (00 (11,000) 6,00 Inc. Total Liabilities and Stockholders Equity Accounts payable Common stock Retained earnings $152,740 18,780 $21,580 17,260 4,320 Inc. 82,260 19,320 Inc. 19,260 10,320 Inc 101,580 29,580 Total Net income of $45,580 was reported, and dividends of $35,260 were paid in 2017. New Prepare a statement of cash flows for the year 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in $152,740 $118,780 equipment was purchased and none was sold SHAMROCK CORPORATION Statement of Cash Flows Adjustment to reconcle net income to