Rodriquez Corporations comparative balance sheets are presented below:

RODRIQUEZ CORPORATION Comparative Balance Sheets December 31
		2017			2016
Cash		$ 16,700			$ 17,300
Accounts receivable		25,100			22,300
Investments		20,050			15,750
Equipment		60,250			69,850
Accumulated depreciationequipment		(13,750	)		(10,300	)
Total		$108,350			$114,900
Accounts payable		$ 14,650			$ 11,050
Bonds payable		10,800			30,100
Common stock		49,800			44,500
Retained earnings		33,100			29,250
Total		$108,350			$114,900

Additional information:

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.

Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 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 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Investments Sale of Equipment Net Cash Used by Investing Activities Cash Flows from Financing Activities Retirement of Bonds Issuance of Common Stock Payment of Dividends Net Cash Used by Financing Activities Net Decrease in Cash Cash at Beginning of Period Cash at End of Period