SOL Corporation's comparative statements of financial position are presented below SOL CORPORATION Statement of Financial Position December 31 Equipment $60,000 70,000 (14,000) (10,000) 25,000 16,000 Accounts receivable 22,300 25,200 Total $108 400 $116,000 $ 50,000 45,000 33,800 Retained earnings 29,900 Bonds payable Accounts payable Total 10,000 30,000 $108400 $116,000 1 Net income was $19,300. Dividends declared and paid were $15,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $2,200 was sold for $3,800 3. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. Instruction (a) Prepare a statement of cash flows for 2017 using the indirect method. (b) Compute free cash flow