Shown below are comparative balance sheets for novak company. novak company comparative balance sheets december 31 assets 2017 2016 cash $ 115,668 $ 37,422 accounts receivable 149,688 129,276 inventory 284,067 321,489 land 136,080 170,100 equipment 442,260 340,200 accumulated depreciation—equipment (112,266 ) (54,432 ) total $1,015,497 $944,055 liabilities and stockholders’ equity accounts payable $ 66,339 $ 73,143 bonds payable 255,150 340,200 common stock ($1 par) 367,416 295,974 retained earnings 326,592 234,738 total $1,015,497 $944,055 additional information: 1. net income for 2017 was $158,193. 2. depreciation expense was $57,834. 3. cash dividends of $66,339 were declared and paid. 4. bonds payable amounting to $85,050 were redeemed for cash $85,050. 5. common stock was issued for $71,442 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.