Miroz Corporation?s comparative balance sheets are presented below.

Additional information:

1. Net income was $17,700. Dividends declared and paid were $9,300.

2. Equipment which cost $11,000 and had accumulated depreciation of $2,000 was sold for $4,000.

3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.

Prepare a statement of cash flows for 2017 using the indirect method.

MIROZ CORPORATION Comparative Balance Sheets December 31 Cash Accounts receivable Investments Equipment Accumulated depreciation Total Accounts payable Bonds payable Common stock Retained earnings Total 2017 2016 $18,700 $22,700 24,700 22,300 25,000 16,000 59,000 70,000 (14,500) (10,000) $112,900 $121,000 $13,600 $11,100 6,000 30,000 50,000 45,000 43,300 34,900 $112,900 $121,000