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Rodriquez Corporations comparative balance sheets are presented below:

RODRIQUEZ CORPORATION Comparative Balance Sheets December 31
		2017			2016
Cash		$17,000			$17,500
Accounts receivable		25,300			22,100
Investments		20,250			16,050
Equipment		59,850			70,150
Accumulated depreciationequipment		(13,750	)		(10,000	)
Total		$108,650			$115,800
Accounts payable		$14,550			$11,150
Bonds payable		10,000			30,200
Common stock		50,000			44,800
Retained earnings		34,100			29,650
Total		$108,650			$115,800

Additional information:

1.		Net income was $18,450. Dividends declared and paid were $14,000.
2.		Equipment which cost $10,300 and had accumulated depreciation of $1,800 was sold for $3,700.
3.		No noncash investing and financing activities occurred during 2017. Prepare a statement of cash flows for 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).) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow

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