Problem 5-6 Nash Inc. had the following balance sheet at December 31, 2016 NASH INC. BALANCE SHEET DECEMBER 31, 2016 Cash Accounts receivable Investments Plant assets (net) Land $25,290 Accounts payable 26,490 37,290 81,000 45,290 $215,360 Notes payable (long-term) Common stock Retained earnings $35,290 46,290 105,290 28,490 $215,360 During 2017, the following occurred 1. Nash Inc. sold part of its investment portfolio for $19,143. This transaction resulted in a gain of $7,543 for the firm. The company classifies its investments as available-for-sale 2. A tract of land was purchased for $18,290 cash 3. Long-term notes payable in the amount of $20,143 were retired before maturity by paying $20,143 cash 4. An additional $24,143 in common stock was issued at par. 5. Dividends of $12,343 were declared and paid to stockholders. 6. Net income for 2017 was $37,290 after allowing for depreciation of $15,143 7. Land was purchased through the issuance of $40,290 in bonds 8. At December 31, 2017, Cash was $42,290, Accounts Receivable was $46,890, and Accounts Payable remained at $35,290 Prepare a statement of cash flows for 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)