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Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2016 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Total 2017 $16,800 25,000 19,850 60,050 (14,150 ) $107,550 $17,500 22,300 15,850 70,050 (10,500) $115,200 Accounts payable Bonds payable Common stock Retained earnings $14,550 10,500 49,800 32,700 $107,550 $11,150 30,100 45,400 28,550 $115,200 Total Additional information: 1. Net Income was $18,550. Dividends declared and paid were $14,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $2,000 was sold for $3,700. 3. No noncash investing and financing activities occurred during 2017, PRINTER VERSION RACK Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a signe.g. 45,000, or in parenthesis .. (45,000).) RODRIQUEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to ( (