Nov 21, 2019 - Cash Flows for a company that has the following data: sheets for Vespa December 31 Accumulated depreciate Total Liabilities and Stockholders' Equity Bonds payable Common stock (51 par) Retained earning Total $597.000 Additional information 1. Net income for 2017 was $93,000 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2017, but land was sold at cost Instructions Prepare a statement of cash flows for 2017 using the indirect method. E13-9 Rodriquez Corporation's comparative balance sheets are presented below. Preparatement of cash flows and compute free cash flow (LO 2,3). AP 2016 $ 17,700 22,300 16.000 70,000 (10,000) RODRIGUEZ CORPORATION Comparative Balance Sheets December 31 2017 Cash $ 15,200 Accounts receivable 25.200 Investments 20,000 Equipment 60,000 Accumulated depreciation equipment (14,000) Total $106,400 Accounts payable $ 14,600 Bonds payable 10,000 Common stock 50,000 Retained earnings 31,800 Total $106,400 $116,000 $ 11.100 30,000 45.000 29.900 $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. Instructions (a) Prepare a statement of cash flows for 2017 using the indirect method. frecchio