Question - The comparative balance sheets for Rothlisberger Company as of December 31 are presented below.

Additional information:

1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $10,800.

2. Land was sold for cash at book value.

3. Cash dividends of $61,300 were paid.

4. Net income for 2017 was $45,800.

5. Equipment was purchased for $94,000 cash. In addition, equipment costing $22,000 with a book value of $12,700 was sold for $5,100 cash.

6. Bonds were converted at face value by issuing 31,000 shares of $1 par value common stock.

Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)