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IV. Value 10 points A comparative balance sheet for Rocker Company appears below ROCKER COMPANY Comparative Balance Sheet Assets Cash Accounts receivable 18,000 3.000 Inventory

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IV. Value 10 points A comparative balance sheet for Rocker Company appears below ROCKER COMPANY Comparative Balance Sheet Assets Cash Accounts receivable 18,000 3.000 Inventory 25,000 7,000 Prepaid expenses 6,000 9,000 Long-term investments 0 17,000 Equipment 60,000 33,000 Accumulated depreciation equipment 20.000 15.000) 34,000 1.000 Total assets S123.000 $85.000 Accounts payable 17,000 7,000 Bonds payable 36,000 45,000 Common stock 40,000 23.000 Retained earnings 30.000 10.000 Total liabilities and stockholders equity S123.000 85.000 ditional informati 1. Net income for the year ending December 31, 2017 was $35,000 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 S14,000 4. Sales for 2017 were $120,000 Instructions Prepare a statement of cash flows for the year ended December 31,2017, using the indirect method

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