A comparative balance sheet for Rocker Company appears below:
Comparative Balance Sheet
Dec. 31, 2017 Dec. 31, 2016 Assets
Accounts receivable 18,00013,000
Prepaid expenses 6,0009,000
Long-term investments 17,000
Liabilities and Stockholder's Equity Accounts payable$17,000$7,000
Bonds payable 36,00045,000
Common stock 40,00023,000
Retained earnings 30,00010,000
Total liabilities and stockholders' equity$123,000$85,000
Additional information:1.Net income for the year ending December 31, 2017 was $35,000.
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.
how to complete a statement of cash flows for the year ended December 31, 2017, using the indirect method
Statement of Cash Flows
For the Year Ended December 31, 2017
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