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

m' WileyPLUS x u Week4 x 6 C' ' 6 Secure \\ https://edugentwileyplus.com/edugen/lti/mainuni Apps D Google my.UIC 9 Pearson Packback ma Blackboard II VouTube {Q PayLease D CengageBrain-Logll @ 5: Database Process'll M WileyPLUS u (4)Accounting Proje: Return to Blackboard w- I P'- ganat, Financial 0 Managerial Accounting, 2e I ey | 5 Stem Annauncements 1 Unread cg nuik start Time: 02:00 PM / Remaining: 110 min, ASSIGNMENY RESOURCES Question 1 1014) Here are comparative balance sheets for Velo company, gi9n VELO COMPANV m Comparative Balance sheets WK 4 vecember 31 m Assets 2011 2016 W Cash 5 73,500 $ 32,700 M Acoounts receivable 05,500 71,100 93% Inventory 159,500 107,200 DIEM Land 73,300 100,300 W Equipment 250,200 200,500 MM Accumulated depreciationequlpment (56,200) (33,500) QlLeitLoLu Total $595,900 $559,900 W Li '05 and stockholders' Eguig 000m Acoounts payable 3 25,200 3 47,300 new Bonds payable 151,600 203,100 W common stock (51 par) 216,500 175,500 9 estion 1s Retained earnings 192,500 133,000 52mm Total $595,900 $550,900 W 9 estion 19 Addltlonal lnformatlon: DIEM " 1. Net Income for 2017 was $104,000 WI 2. Cash dividends of $45,300 were declared and paid. 9W 31 Bands payable amounting to $51,500 were redeemed for cash 551,500. Queseoeu 41 common stock was Issued for $41,100 cash, W so No equipment was sold during 2017, but land was sold at cost. zugsgign 25 g i n 25 Prepare a statement of cash flows for 2017 using the indirect methodt (Shaw amounts that decrease cash aw with eithera - Sign e.g. 45,000, or in parenthesis e.g. (15,000).) m VELo COMPANY W statement of Cash Flows l vl 3': mums-Winslow mack nrxn 2:03 PM 7802017