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A comparative bakance sheet for Rocker Company appears below activitie ROCKER COMPANY Comparative Balance Shact Cash Accounts recevable Inventory Prepaid expenses Lang-term investments Equipment Accumulated
A comparative bakance sheet for Rocker Company appears below activitie ROCKER COMPANY Comparative Balance Shact Cash Accounts recevable Inventory Prepaid expenses Lang-term investments Equipment Accumulated depreciation-equipment $ 34,000 $11,000 18,000 25,000 6,000 13,000 17,000 9,000 17,000 33,000 (15,000) 85.000 60,000 20,000) 123.000 Total assets Accounts payable Bonds payable Common stock S 17,000 36,000 40,000 30.000 $ 7,000 45,000 23,000 Rotained ies and stockholders equity Total liabilities and stockhokders' equity 1. Net income for the year ending December 31, 2017 was $35,000 2. Cash dividends of $15,000 were dedared and paid during the year 3. Long-term investments that had a cost of $17,000 were sold for $14,000 4. Sales for 2017 were $120,000, Instructions Prepare a statement of cash nows for the year ended December 31, 2017, using tive indirect method
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