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Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Total

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Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Total $16,800 24,900 20,250 60,050 (13,850 ) $108,150 $17,300 22,200 16,250 70,250 (10,100 ) $115,900 Accounts payable Bonds payable Common stock Retained earnings $14,550 10,900 49,500 33,200 $108,150 $11,050 30,000 45,400 29,450 $115,900 Total 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 (a) Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease

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