1. Presented below is a partially completed balance sheet for Baldin, Inc., at December 31, 2017, together with comparative data for the year ended December 31, 2016. From the Statement of Cash Flows for the year ended December 31, 2017, you determine that: Net income for the year ended December 31, 2017, was $106,000. Dividends paid during the year ended December 31, 2017, were $42,000. Accounts receivable increased $14,000 during the year ended December 31, 2017. The cost of new buildings acquired during 2017, was $85,000. No buildings were disposed of during 2017. The land account was not affected by any transactions during the year, but the fair value of the land at December 31, 2017, is $210,000

BALDIN, INC. Balance Sheets December 31, 2017, and 2016
Assets	2017	2016
Current assets:
Cash	$29,000	$33,000
Accounts receivable		112,000
Inventory	167,000	184,000
Total current assets	$	$329,000
Land		145,000
Buildings		340,000
Less: Accumulated depreciation	(185,000)	(165,000)
Total land and buildings		320,000
Total assets	$	$649,000
Liabilities
Current liabilities:
Note payable	$135,000	$119,000
Accounts payable		207,000
Total current liabilities	$309,000	$326,000
Long-term debt		86,000
Stockholders' Equity
Common stock	$80,000	70,000
Retained earnings		167,000
Total stockholders' equity	$	$237,000
Total liabilities and stockholders' equity	$	$649,000

Required: (a.) Complete the December 31, 2017, balance sheet. (b.) Prepare a statement of cash flows for the year ended December 31, 2017.