Question 8 View Policies Current Attempt in Progress A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2017 Dec 31, 2016 Assets Cash $34,000 $11,000 Accounts receivable 18,000 13,000 Inventory 25,000 17,000 Prepaid expenses 6,000 9,000 Long-term investments 0 17,000 Equipment 60,000 33,000 Accumulated depreciation-equipment (20,000) (15,000) Total assets $123,000 $85,000 Liabilities and Stockholder's Equity Accounts payable $17,000 $7,000 Bonds payable 36,000 45,000 Common stock 40,000 23,000 Retained earnings 30,000 10,000 Total liabilities and stockholders equity $123,000 $85.000 Additional information: 1. Net income for the year ending December 31, 2017 was $35,000. Additional information: O 02:10:41 Hide Timer 1. Net income for the year ending December 31, 2017 was $35,000 2. Cash dividends of $15,000 were declared and paid during the year. 3. Long-term investments that had a cost of $17,000 were sold for $14,000 4. Sales for 2017 were $120,000 Prepare a statement of cash flows for the year ended December 31, 2017, using the Indirect method. (Show amounts that decrease cash flow with either a signes. - 15,000 or in parenthesis 3. (15,0001) ROCKER COMPANY Statement of Cash Flows Adjustments to reconcile net income to $ + $ ver