Du Bol System Announcements VERSION BACK C Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 Cash Accounts receivable Investments Equipment Accumulated depreciation equipment Total $16,900 25,000 20,050 59,850 (14,250) $107,550 2016 $17,700 22,200 15.850 70.050 (10,000) $115.000 Accounts payable Bonds payable Common stock Retained earnings Total $14,750 10,200 50,500 32.100 5107,550 $11.050 30.200 45.100 29,450 $115,000 Additional information 1. Net Income was $18,250. Dividends declared and paid were $15,600 2. Equipment which cost $10,200 and had accumulated depreciation of $1,700 was sold for $3,700 3. No noncash investing and financing activities occurred during 2017 (a) Your answer is correct Collapse question part Prepare a statement of cash flows for 2017 using the Indirect method. (Show amount or in parenthesis (45,000).) RODRIQUEZ CORPORATION statement of Cash Flows For the Year Ended December 31, 2017 D Cash Flows from Operating Activities PRINTER VERSION BACK RCES sing. -45,000, or in parenthesis Your answer is correct. Prepare a statement of cash flows for 2017 using the Indirect method. (Show amounts that decrease cash flow with other RODRIQUEZ CORPORATION Statement of Cash Flows For the Year Ended December 31, 2017 (45.000).) Cash Flows from Operating Activities T 18250 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities tudy Depreciation Expense Loss on Disposal of Equipment Increase in Accounts Receivable Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment 1 Purchase of Investments Net Cash Used by Investing Activities -500 Cash Flows from Financing Activities o Increase in Accounts Receivable : Increase in Accounts Payable Net Cash Provided by Operating Activities 29900 Study 3700 Cash Flows from Investing Activities 1 Sale of Equipment Purchase of Investments Net Cash Used by Investing Activities -4200 TCash Flows from Financing Activities 1 Issuance of Common Stock T 5400 Payment of Dividends -156001 Retirement of Bonds -20000 18 1 Net Cash Used by Financing Activities Net Decrease in Cash // Cash at Beginning of Period Cash at End of Period 16900 Net Cash Used by Financing Activities el Net Decrease in Cash TO IL III III Cash at Beginning of Period LILL TCash at End of Period Click if you would like to Show Work for this question: "Open SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 5 of 5 used Compute free cash flow. (Enter negative amount -15 or parentheses e.g. (15).) Free cash flow Click if you would like to show Work for this questioni Open Show LINK TO TEXT LINK TO TEXT Attempts: 0 of 5 used
