Question
Rodriquez Corporation's comparative balance sheets are presented below: 2017 cash $16,700 accounts receivable 25,100 investments 20050 equipment 60,250 accumulated depreciation-equipment (13,750) total $108,350 Accounts payable
Rodriquez Corporation's comparative balance sheets are presented below: 2017 cash $16,700 accounts receivable 25,100 investments 20050 equipment 60,250 accumulated depreciation-equipment (13,750) total $108,350 Accounts payable $14,650 bonds payable 10,800 common stock 49,800 retained earnings 33,100 total $108,350 2016 cash $17,300 accounts receivable 22,300 investments 15,750 equipment 69,850 accumulated depreciation-equipment (10,300) total $114,900 2017 accounts payable $14,650 bonds payable 10,800 common stock 49,800 retained earnings 33,100 total $108,350 2017 accounts payable $11,050 bonds payable 30,100 common stock 44,500 retained earnings 29,250 total $114,900 (1) net income was $18,450. dividends declared and paid were $14,600. (2) equipment which cost $9,600 and had accumulated depreciation of $1,700 was sold for $3,600. (3) no noncash investing and financing activities occurred during 2017. Prepare a statement of cash flows for 2017 using the indirect method. adjustments to reconcile net income to. compute free cash flow. free cash flow.
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