Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 $ 16,900 25,000 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment $17,700 22,200 15,850 70,050 (10,000) $115,800 59,850 (14,250) $107,550 Total Accounts payable Bonds payable Common stock Retained earnings Total $14,750 10,200 50,500 32,100 $107,550 $11.050 30,200 45,100 29,450 $115,800 Additional information: 1. Net income was $18,250. Dividends declared and paid were $15,600. 2. Equipment which cost $10,200 and had accumulated depreciation of $1,700 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 RODRIQUEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to SI ere to search O e day wil 3 x AB