Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2016 2017 $17,600 Cash $16,500 22,200 Accounts receivable 25,000 15,850 Investments 19,950 Equipment 60,150 70,050 Accumulated depreciation-equipment (14,250 ) (10,400 ) $115,300 $107,350 Total Accounts payable $14,850 $11,050 Bonds payable 10,100 30,100 Common stock 50,100 44,700 Retained earnings 32,300 29,450 $107,350 Total $115,300 Additional information: 1. Net income was $18,250. Dividends declared and paid were $15,400. 2. Equipment which cost $9,900 and had accumulated depreciation of $2,000 was sold for $3,400. 3. No noncash investing and financing activities occurred during 2017. Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow wi RODRIQUEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to %24 Privary Dlimu