PRINTER VEE RESOURCES erk 10 2 7 (Part ssion Exercise 17-7 (Part Level Submission) Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 3 2017 2016 (Part sion) A -A (Part sion) A Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total $14,600 20,700 20,100 69,500 (15,000) $109,900 $10,200 23,100 25,700 69,500 (10,900) $117,600 by Study Accounts payable Common stock Retained earnings Total $12,800 74,200 22,900 $109,900 $27,600 71,100 18,900 $117,600 Additional information: 1. Net income was $22,600. Dividends declared and paid were $18,600. 2. No noncash investing and financing activities occurred during 2017 3. The land was sold for cash of $4,700. (a) Your answer is partially correct. Try again. Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a sign e.g.-15,000, or in parenthesis e.g. (15,000).) ROJAS CORPORATION Statement of Cash Flows December 31, 2017 Cash Flows from Operating Activities Net Income $22,600.00 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $4,900.00 Sale of Land $100.00 Decrease in Accounts Receivable $2,400.00 Decrease in Accounts Payable -$14,800.00 PRINTER VERSION BACI SOURCES Decrease in Accounts Payable $14,800.00 -$7,400.00 Cash Flows from Operating Activities $15,200.00 Part Part n) Cash Flows from Investing Activities Sale of land $4,700.00 Study Cash Flows from Financing Activities Payment of Dividends $3,100.00 Issuance of Common Stock -$18,600.00 Net Cash used by Financing Activities -$15,500.00 Net Increase in Cash $4,400.00 Cash at Beginning of Period $10,200.00 Cash at End of Period $14,600.00