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Rodriquez Corporations comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31...

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Accounting

Rodriquez Corporations comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash $16,900 $17,300 Accounts receivable 25,200 22,400 Investments 20,150 15,950 Equipment 60,250 70,250 Accumulated depreciationequipment (13,850 ) (10,400 ) Total $108,650 $115,500 Accounts payable $14,450 $11,150 Bonds payable 10,200 30,200 Common stock 50,100 44,700 Retained earnings 33,900 29,450 Total $108,650 $115,500 Additional information: 1. Net income was $18,550. Dividends declared and paid were $14,100. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,500 was sold for $3,500. 3. No noncash investing and financing activities occurred during 2017. Collapse question part (a) Prepare a statement of cash flows for 2017 using the indirect method.

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