The Fancy Company's comparative balance sheets for 2016 and 2017, and additional information, are presented below.
Fancy Company
Comparative Balance Sheets 
Required:
Prepare Fancy Company's 2017 statement of cash flows using the indirect method.
Definitions:
National Defense
The policies and actions taken by a country to protect itself against external threats.
Iron Triangle
A term that describes the policy-making relationship among the congressional committees, the bureaucracy, and interest groups.
Congressional Committees
are sub-organizations within the United States Congress that handle specific duties, such as developing legislation and conducting oversight.
Administrative Agencies
Government bodies responsible for the oversight and implementation of specific regulations and laws in various sectors.
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