E 179 Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 20 17 2 0 1 6 Cash $ 15,200 $ 17,700 Accounts receivable 25,200 22,300 Investments 20,000 16,000 Equipment 60,000 70,000 Accumulated depreciation (14,000) (10,000) Total $106,400 $116,000 Accounts payable $ 14,600 $ 1 1,100 Bonds payable 10,000 30,000 Common stock 50,000 45,000 Retained earnings 31,800 29,900 Total $106,400 $116,000 Additional information: 1. Net income was $18,300. Dividends declared and paid were $16,400. ANALYSIS QUESTION: What is the amount of depreciation expense for the year? Use the accumulated depreciation account to nd this missing number after you complete the journal entry for #2 below. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300. ANALYSIS QUESTION: What is the amount of the gain or loss on the sale? ANALYSIS QUESTION: Did you buy or sell Investments? 3. No noncash investing and nancing activities occurred during 2017. ANALYSIS QUESTION: Did you get money in for the change in bonds payable; or did you pay money out? ANALYSIS QUESTION: Did you get money in for the change in the common stock account; or did you pay money out? Instructions 1. Prepare a statement of cash ows for 2017 using the indirect method. 2. Compute free cash ow