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Exercise 13-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable
Exercise 13-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment $ 17,500 22,300 15,850 70,050 $16,800 25,000 19,850 60,050 (14,150) $107,550 (10,500) Total $115,200 Accounts payable Bonds payable Common stock Retained earnings $11,150 30,100 45,400 28,550 $107,550 $115,200 $14,550 10,500 49,800 32,700 Total Additional information: 1. Net income was $18,550. Dividends declared and paid were $14,400 2. Equipment which cost $10,000 and had accumulated depreciation of $2,000 was sold for $3,700 3. No noncash investing and financing activities occurred during 2017. (a) Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow
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