RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment $16,700 $17,600 25,000 20,050 59,950 (13,850) 22,300 15,950 70,050 (10,000) Total $107,850 $115,900 Accounts payable Bonds payable Common stock Retained earnings $14,450 10,300 50,500 32,600 $107,850 $11,150 30,200 44,500 30,050 $115,900 Total Additional information: 1. Net income was $18,350. Dividends declared and paid were $15,800 2. Equipment which cost $10,100 and had accumulated depreciation of $2,100 was sold for $3,300 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