U Weygandt, Accounting Principles, 12e Helo System Announcements Exercise 17-9 (Part Level Submission) Rodriquez Corporation's 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 depreciation-equipment (14,250) (10,000) Total $ 107,550 $115,800 Accounts payable Bonds payable Common stock Retained earnings Total $14,750 10,200 50,500 32,100 $107,550 $11,050 30,200 45,100 29,450 $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. sign .g. -45,000, or in parenthesis e.g. (45,000) Prepare a statement of cash flows for 2017 using the Indirect method. (Show amounts that decrease cash flow with either a RODRIQUEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Hol System Announcements (0) Prepare a statement of cash flows for 2017 using the Indirect method. (Show amounts that decrease cash flow with ether - sign .g. -45,000, or in parenthesis (45,000).) RODRIQUEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to