Question 3

Rodriquez Corporations comparative balance sheets are presented below.

RODRIQUEZ CORPORATION Comparative Balance Sheets December 31
		2017			2016
Cash		$ 16,700			$ 17,600
Accounts receivable		25,000			22,300
Investments		20,050			15,950
Equipment		59,950			70,050
Accumulated depreciationequipment		(13,850	)		(10,000	)
Total		$107,850			$115,900
Accounts payable		$ 14,450			$ 11,150
Bonds payable		10,300			30,200
Common stock		50,500			44,500
Retained earnings		32,600			30,050
Total		$107,850			$115,900

Additional information:

1.		Net income was $18,350. Dividends declared and paid were $15,800.
2.		Equipment which cost $10,100 and had accumulated depreciation of $2,100 was sold for $3,300.
3.		No noncash investing and financing activities occurred during 2017.

Prepare a statement of cash flows for 2017 using the indirect method.