Exercise 178 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2017Dec. 31, 2016 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Equipment $34,000 18,000 25,000 6,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) 60,000 (20,000) Accumulated depreciation equipment Total assets Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings $7,000 45,000 23,000 10,000 $123,000S85 000 $17,000 36,000 40,000 30,000 Total liabilities and stockholders equity Addition 1.Net income for the year ending December 31, 2017 was $35,000. ll2Cash dividends of $15,000 were dedared and paid during the year Ing. All Rights Reserved. A Division of 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./// Sales for 2017 were $120,000. Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show amounts that ROCKER COMPANY 31, 2017 153 : 156 All Rights R FULL SCREEN- , PRINTER VERSION BACK Inc