Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2016 2017 $17,300 $16,700 Cash 22,300 25,100 Accounts receivable 15,750 20,050 Investments Equipment 60,250 69,850 Accumulated depreciation-equipment (13,750) (10,300) dy $108,350 $114,900 Total Accounts payable $14,650$11,050 30,100 Bonds payable 10,800 Common stock 49,800 44,500 Retained earnings 33,100 29,250 Total $108,350$114,900o Additional information: 1. Net income was $18,450. Dividends declared and paid were $14,600. 2. Equipment which cost $9,600 and had accumulated depreciation of $1,700 was sold for $3,600. 3. No noncash investingo and financing activities occurred during 2017 Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash fl (45,000).) RODRIQUEZ CORPORATION Statment of CashFws For the Year Ended December 31, 2017 Cash Flows from Operating Activities 18450 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Loss on Disposal of Equipment Depreciation Expense 5150 Increase in Accounts Receivable v 2800 Increase in Accounts Payable 3600 28700 Net Cash Provided by Operating Activities v 28700 17300 ES Cash at Beginning of Period 16700 Cash at End of Period Open Show Work Click if you would like to Show Work for this question: SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT by Study | (b) [ Your answer is incorrect. Try again. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. Free cash flow 16700 Click if you would like ta