Answer:
the question is incomplete since the net income is missing, so I looked for a similar question and found the attached images.
Statement of Cash flows
For the Year ended December 31, 2017
Cash flow from operating activities
Net income $32,000
Adjustments to net income:
- Depreciation expense $17,500
- Increase in accounts payable $4,000
- Increase in accounts receivable ($6,000)
- Increase in inventory ($8,000)
- Decrease in taxes payable ($1,000) <u>$6,500</u>
Cash flow from operating activities $38,500
Cash flow from investing activities
Sale of equipment $8,500
Cash flow from financing activities
Issuance of common stocks $4,000
Dividends paid ($20,000)
Decrease in bonds payable <u> ($16,000)</u>
Cash flow from financing activities ($32,000)
Net increase in cash position $15,000
Beginning cash balance <u> $20,000</u>
Ending cash balance $35,000