Problem 23-2 The comparative balance sheets for Splish Corporation show the following information Cash Accounts receivable Inventory Available-for-sale debt investments Buildings Equipment Patents December 31 2017 2016 $33,300 $13,000 12,100 9,900 12,000 9,000 -0- 3,000 -0- 29,400 44,800 19,800 5,000 6,300 $107,200 $90,400 $3,000 2,100 -0- 5,000 Allowance for doubtful accounts Accumulated depreciation-equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $4,500 4,400 6,100 3,000 5,000 3,900 25,000 33,000 5,500 $90,400 3,000 31,000 43,000 20,100 $107,200 Additional data related to 2017 are as follows. Additional data related to 2017 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500. 2. $10,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $5,000. 4. On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,100 (net of $2,000 taxes). 5. Investments (available-for-sale) were sold at $1,700 above their cost. The company has made similar sales and investments in the past. 6. Cash was paid for the acquisition of equipment. 7. A long-term note for $16,000 was issued for the acquisition of equipment. 8. Interest of $2,000 and income taxes of $6,500 were paid in cash. Prepare a statement of cash flows using the indirect method. Flood damage is unusual and infrequent in that part of the country. (Show amounts that du 15