3. The following is an alphabetical list of A Campbell's accounts and their balances at June 30, 1994,
$
Bank overdraft
3,000
Cash
9,000
Creditors
4,500
Debtors
6,000
Equipment
24,000
Prepaid insurance
6,000
Provision for depreciation
of equipment
4,500
Purchases
2,000
Rent expenses
4,500
Sales
7,000
Stock
5,500
The owner: Capital (1/7/93) 57,000
The owner: Drawings
4,000
Wage expense
15,000

Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 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.