Additional information:

1. Net income for the year ending December 31, 2017, was $35,000.

2. Cash dividends of $15,000 were declared and paid during the year.

3. Long-term investments that had a cost of $17,000 were sold for $14,000.

4. No equipment was sold during 2017.

Instructions: Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method.

A comparative balance sheet for Rocker Company appears below:

ROCKER COMPANY

Comparative Balance Sheet

Assets	Dec. 31, 2017	Dec. 31, 2016
Cash	$34,000	$11,00
Accounts receivable	18,000	13,000
Inventory	25,000	17,000
Prepaid expenses	6,000	9,000
Long-term investments	0	17,000
Equipment	60,000	33,000
Accumulated depreciation - equipment	(20,000)	(15,000(
Total assets	$123,000	$85,000
Liabilities and Stockholders' Equity
Accounts payable	$17,000	$7,000
Bonds payable	36,000	45,000
Common stock	40,000	23,000
Retained earnings	30,000	10,000
Total liabilities and stockholders' Equity	$123,000	$85,000