Answer:
<h2>                Whispering Winds Corp.</h2>
               Statement of Cash Flows (Indirect Method) 2017
Cash flow from operating activities:
net income                                             $161,100
Adjustments to reconcile net income:
+ depreciation expense                         $40,160
+ loss on sale of equipment                   $2,020
Change in current assets:
- increase in accounts receivable      ($40,050)
- increase in inventory                         ($44,310)
+ increase in prepaid expenses             $1,980
Change in current liabilities:
+ increase in accounts payable             $2,580
- decrease in accrued exp. payable   ($10,070)
Net cash provided by operating activities $113,410
Cash flow from investing activities:
purchase of new equipment              ($164,450)
sale of old equipment                           $33,650
Net cash provided by investing activities ($130,800)
Cash flow from financing activities:
Proceeds from issue of new stocks     $171,150
- redemption of bonds                         ($49,180)
- dividends paid                                   ($85,680)
Net cash provided by financing activities $36,290
                           <u>Net increase in cash $18,900</u>