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

Rodriquez Corporation's comparative balance sheets are presented below. Cash $16,700 $17,600 Accounts receivable 24,900 22,000 Investments 19,850 16,250 Equipment 59,950 69,950 Accumulated depreciation-equipment (14,050) (10,300) Total $107,350 $115,500 Accounts payable $14,650 $11,050 Bonds payable 10,500 30,000 Common stock 49,900 44,900 Retained earnings 32,300 29,550 Total $107,350 $115,500 Additional information: Net income was $18,650. Dividends declared and paid were $15,900. Equipment which cost $10,000 and had accumulated depreciation of $1,700 was sold for $3,400. No noncash investing and financing activities occurred during 2017. Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000).)