Practice Exercise 2 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 Cash Accounts receivable Investments Equipment $15,200 $17,700 22,300 16,000 70,000 (14.000 ,000 25,200 20,000 60,000 Accumulated depreciation-equipment14,0001O,000 106,400 $116,000 Total Accounts payable Bonds payable Common stock Retained earnings 10,000 50,000 31,800 $106,400 $14,600$11,100 30,000 45,000 29,900 $116,000 , Total Additional information: 1. Net income was $18,300. Dividends declared and paid were $16,400. 2. Equipment which cost $10,000 and had acoumulated depreciation of $1,200 was sold for $3,300 3. No noncash investing and financing activities occurred during 2017 (a) Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a All Rights Reserved. A DiVION of Joho oley.&.Sons Inc