PRINTER VERSION Exercise 23-17 (Part Level Submission) Bonita Inc., had the following condensed balance sheet at the end of operations for 2016. Cash Current assets other than cash Equity Investments Plant assets (net) Land BONITA INC. BALANCE SHEET DECEMBER 31, 2016 $8,600 Current liabilities 29,000 Long-term notes payable 20,200 Bonds payable 67,100 Common stock 40,200 Retained earnings $165,100 $15,000 25,400 25,000 75,000 24,700 $165.100 During 2017, the following occurred. 1. Atract of land was purchased for $9,000. 2. Bonds payable in the amount of $15,000 were redeemed at par. 3. An additional $10,100 in common stock was issued at par. 4. Dividends totaling $9,500 were paid to stockholders. 5. Net Income was $29,900 after allowing depreciation of $13,500. 6. Land was purchased through the issuance of $22,700 in bonds. 7. Bonita Inc. sold part of its investment portfolio for $12,700. This transaction resulted in a pain of $1,900 for the company. No unrealized gains or losses were recorded on these investments 2017 8. Both current assets (other than cash) and current liabilities remained at the same amount. (a) Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash Now with either a sign .g. - 15,000 or in parenthesis ev. (15.000).) BONITA INC Statement of Cash Flows Adjunts to recondie net income to BONITA INC Statement of Cash Flows Adjustments to reconcile net income to LINK TO TEXT Attempts: 0 of 3