Suppose, at December 31, 2017, Lee Consulting Corporation has the following comparative balance sheet:

Additional information: Lee Consulting Corporation declared and paid $10,000 in dividends during 2017. Net income for the year ended December 31, 2017, was $38,910.
Required
Using this information, prepare the cash flow statement for Lee Consulting Corporation using the indirect method for operating activities.

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LEE CONSULTING CORPORATION Balance Sheet December 31.2017 and 2016 2017 2016 Current assets $ 5,000 2,200 420 10,000 3,600 55,000 (2,753) 20,000 $93,467 Cash $ 8,100 1,700 300 2,000 3,600 Accounts receivable Supplies Equipment Furniture Building Less: accumulated amortization Land Total assets (93) $15,607 Current liabilities $ 350 2,500 Accounts payable Salary payable Long-term liabilities Notes payable Shareholders' equity Common shares Retained earnings $3,900 40,000 20,000 30,617 $93,467 10,000 1,707 $15,607 Total liabilities and shareholders' equity