Rodriquez Corporations comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash $ 16,900 $ 17,700 Accounts receivable 25,000 22,200 Investments 20,050 15,850 Equipment 59,850 70,050 Accumulated depreciationequipment (14,250 ) (10,000 ) Total $107,550 $115,800 Accounts payable $ 14,750 $ 11,050 Bonds payable 10,200 30,200 Common stock 50,500 45,100 Retained earnings 32,100 29,450 Total $107,550 $115,800 Additional information: 1. Net income was $18,250. Dividends declared and paid were $15,600. 2. Equipment which cost $10,200 and had accumulated depreciation of $1,700 was sold for $3,700. 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 RODRIQUEZ CORPORATION Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 18250 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Equipment Increase in Accounts Receivable Increase in Accounts Payable 5950 4800 -2800 3700 11650 Net Cash Provided by Operating Activities 29900 Cash Flows from Investing Activities Purchase of Investments Sale of Equipment Net Cash Provided by Investing Activities 4200 3700 500 Cash Flows from Financing Activities Payment of Dividends Retirement of Bonds Issuance of Common Stock Net Cash Provided by Financing Activities 15600 20000 5400 30200 Net Decrease in Cash 800 17700 16900 Cash at Beginning of Period Cash at End of Period