Problem 17-11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented below. ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $59,000 $46,300 Accounts receivable 42,300 63,400 Inventory 150,300 146,000 Prepaid expenses 14,700 26,000 Land 95,700 130,000 Buildings 200,300 200,300 Accumulated depreciation-buildings (56,300) (30,700) Equipment 229,800 157.500 Accumulated depreciation equipment (44.700) (37,000) $691,200 703, 100 Liabilities and Stockholders' Equity Accounts payable $46,500 540,000 Bonds payable 260,000 290,700 Common stock, si par 188,000 157 300 Retained earnings 196.600 215.100 Total 5691.100 $703,100 Total Additional information: 1. Operating expenses include depreciation expense of 542.000 and charges from prepaid expenses of $12,100 2. Land was sold for cash at book value 3. Cash dividends of $63,000 were paid. 4. Net income for 2017 was $44.500. 5. Equipment was purchased for $94.000 cash. In addition, equipment costing $21,700 with a book value of $13.000 was sold for $6,700 cash 6. Bonds were converted at face value by issuing 30,700 shares of $1 par value common stock Prepare a statement of cash flows for the year anded December 31, 2017, uning the indirect method. (Show mounts that decrease whow with either a ine..-1000 (15,000) ROTHUISBERGER COMPANY Statement of Cash Flows ENG O i E e to search Prepare a statement of cash flows for the year anded December 31, 2017, using the indirect method. (Show amounts that decrease cash (15,000).) ROTHLISBERGER COMPANY Statement of Cash Flows Adjustments to reconcile income to > > > Type here to search O W E IR 0 chic you would like to show Work for this questions o 2 3. S 8 W E R. Y U