Rojas Corporations comparative balance sheets are presented below.

Additional Information:

1. Net income was $22,400. Dividends declared and paid were $15,000.

2. No noncash investing and financing activities occurred during 2017.

3. The land was sold for cash of $4,500.

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

ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 15,100 10,200 Cash 21,200 23,100 Accounts receivable 26,000 Land 20,400 Buildings 69,700 69,700 (15,400) (10,600) Accumulated depreciation-buildings Total $111,000 $118,400 12,700 28,200 Accounts payable 74,100 73,400 Common stock 24,200 16,800 Retained earnings $111,000 $118,400 Total