ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $15,000 $10,200 21,400 19,800 70,100 23,800 26,400 70,100 (15.300)(10,800) Total $111,000 $119,700 Accounts payable Common stock Retained earnings $12,800 74,600 23,600 $111,000 $27,800 73,400 18,500 $119,700 Total Additional information: 1. Net income was $22,800. Dividends declared and paid were $17,700 2. No noncash investing and financing activities occurred during 2017 3. The land was sold for cash of $4,500 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).) ROJAS CORPORATION Statement of Cash Flows