Rodriquez Corporations comparative balance sheets are presented below.

RODRIQUEZ CORPORATION Comparative Balance Sheets December 31
		2017			2016
Cash		$ 16,800			$ 17,300
Accounts receivable		24,900			22,200
Investments		20,250			16,250
Equipment		60,050			70,250
Accumulated depreciationequipment		(13,850	)		(10,100	)
Total		$108,150			$115,900
Accounts payable		$ 14,550			$ 11,050
Bonds payable		10,900			30,000
Common stock		49,500			45,400
Retained earnings		33,200			29,450
Total		$108,150			$115,900

Additional information:

1.		Net income was $18,550. Dividends declared and paid were $14,800.
2.		Equipment which cost $10,200 and had accumulated depreciation of $1,500 was sold for $3,500.
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 For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 18550 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Equipment Increase in Accounts Receivable 3750 5200 (4200) 3500 Increase in Accounts Payable 8250 Net Cash Provided by Operating Activities 26800 Cash Flows from Investing Activities Sale of Equipment 3500 Retirement of Bonds Net Cash Provided by Operating Activities 3500 Cash Flows from Financing Activities Issuance of Common Stock 4100 14800 Retirement of Bonds 19100 Net Cash Used by Financing Activities 29800 Net Increase in Cash 500 17300 16800 Cash at Beginning of Period Cash at End of Period