A. 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).)

B.

Exercise 13-7 Rojas Corporation's comparative balance sheets are presented below ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $ 10,300 23,800 26,400 70,100 (15,000) (10.30o $112,200 $120,300 $ 15,100 21,500 20,500 70,100 Total Gradebook Accounts payable Common stock Retained earnings $12,500 75,800 23,900 $ 28,400 73,100 18,800 Total $112,200 $120,300 Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,100. 2. No noncash investing and financing activities occurred during 2017. 3. The land was sold for cash of $4,800