$597.000 $555.000 Additional information 1. Net income for 2017 was 393,000. 2. Cash dividends of $35.000 were declared and paid. 3. Bonds payable amountine to S50 000 redeemed for cash $50.000 4. Common stock was issued for $42.000 cash. 5. No equipment was sold during 2017, but land was sold at cost. Instructions Prepare a statement of cash flows for 2017 using the indirect method. E13-9 Rodriquez Corporation's comparative balance sheets are presented below. Prepare statement of cash flows and compute free cash (LO 2.3), AP RODRIGUEZ CORPORATION Comparative Talance Sheets December 31 2017 Cash $ 15,200 Accounts receivable 25,200 Investments 20.000 Equipment 60,000 Accumulated depreciation equipment (14,000) Total $106,400 2016 $ 17,700 22.300 16.000 70,000 (10,000) $116,000 Accounts payable Bonds payable Common stock Retained earnings Total - $ 14.600 10.000 50,000 31,800 $106,400 $ 11,100 30,000 45,000 29,900 $116,000 Additional information: 1. Net income was $18,300. Dividends declared and paid were $16,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300. 3. No noncash investing and financing activities occurred during 2017. Instructions (a) Prepare a statement of cash flows for 2017 using the indirect method. home from Tum