Part B - Using the financial information provided below, prepare the Statement of Cash Flows. Xiong Corporation Cash Accounts Receivable Equipment Accumulated Depreciation - Equipment 12/31/2017 $ 8,550,000 $ 1,100,000 $ 1,750,000 $ (650,000) $10,750,000 1/1/2017 $ 6,575,000 $ 1,550,000 $ 1,450,000 $ (415,000) $ 9,160,000 Accounts Payable Common Stock Retained Earnings $ 1,250,000 $ 1,150,000 $ 8,350,000 $10,750,000 $ $ $ $ 955,000 1,150,000 7,055,000 9,160,000 $ $ Other Information Net income reported $ 1,495,000 Dividends paid $ 200,000 New Equipment was puchased and none was sold. Required: 1. Prepare the statement of cash flows for the year 2017