RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2016 17,600 22,000 16,250 69,950 2017 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment 16,700 24,900 19,850 59,950 (14,050) (10,300) Total $107,350 $115,500 Accounts payable Bonds payable Common stock Retained earnings $ 14,650 10,500 49,900 32,300 $107,350 s 11,050 30,000 44,900 29,550 $115,500 Total Additional information: 1. Net income was $18,650. Dividends declared and paid were $15,900 2. Equipment which cost $10,000 and had accumulated depreciation of $1,700 was sold for $3,400. 3. 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. -15,000, or in parenthesis e.g. (15,000)) RODRIQUEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to