E17-9 Rodriquez Corporation's comparative balance sheets are presented below RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2016 2017 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment $ 15,200 $ 17,700 22,300 16,000 70,000 (10,000) $116,000 25,200 20,000 60,000 (14,000) Total $106,400 2016 2017 Accounts payable Bonds payable Common stock Retained earnings S 11,100 30,000 45,000 29,900 $116,000 14,600 10,000 50,000 31,800 $106,400 Total 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 invesing anfinancing activities ocurred during 2017. Instructions (a) Prepare a statement of cash flows for 2017 using the indirect method. (b) Compute free cash flow