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Instructions (a)statement of cash flows for 2017 using the indirect method. (b) Compute free cash flow. flows and complice free cask RODRIQUEZ CORPORATION flow. Comparative

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(a)statement of cash flows for 2017 using the indirect method.

(b) Compute free cash flow.

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flows and complice free cask RODRIQUEZ CORPORATION flow. Comparative Balance Sheets (LO 2, 3) December 31 2017 2016 Cash $ 15,200 $ 17,700 Accounts receivable 25,200 22,300 Investments 20,000 16,000 Equipment 60,000 70,000 Accumulated depreciation-equipment (14,000) (10,000) Total $106,400 $116,000 Statement of Cash Flows 2017 2016 Accounts payable $ 14,600 $ 11,100 Bonds payable 10,000 30,000 Common stock 50,000 45,000 Retained earnings 31,800 29,900 Total $106,400 $116,000 Additional information: 1. Net income was $18,300. Dividends declared and paid were $16,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300. 3. No noncash investing and financing activities occurred during 2017

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