Exercise 13-7 (Part Level Submission) 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 $14,500 21,500 20,200 70,000 $10,600 23,200 25,700 70,000 (15,500) (10,500) Total $110,700 $119,000 Accounts payable Common stock Retained earnings $12,700 76,000 22,000 $110,700 $27,600 72,700 18,700 $119,000 Total Additional information: 1. Net income was $23,000. Dividends declared and paid were $19,700 2. No noncash investing and financing activities occurred during 2017 3. The land was sold for cash of $4,400 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).) ROJAS CORPORATION