RODRIQUEZ CORPORATION
Comparative Balance Sheets
	December 31 2017	December 31 2016
Cash	$16,600	$17,300
Accounts receivable	24,900	22,400
Investments	20,050	15,850
Equipment	59,750	70,250
Accumulated depreciation-equipment	-14,150	-10,100
Total	$107,150	$115,700
Accounts payable	$14,650	$11,050
Bonds payable	10,400	30,200
Common stock	50,500	45,500
Retained earnings	31,600	28,950
Total	$107,150	$115,700

Additional information:

1. Net income was $18,350. Dividends declared and paid were $15,700.

2. Equipment which cost $10,500 and had accumulated depreciation of $1,900 was sold for $3,600.

3. No non-cash investing and financing activities occurred during 2017.

What was cash flow from operations for Rodriquez Corporation\\\\\\\'s and the net cash used for finance?  

Answer rating: 100% (QA)

The below spread sheet shows the cash flow from operation and the net cash used for finance P... View the full answer