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2019 RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $16,500 Accounts receivable 24,900 Investments 19,750 Equipment 59,750 Accumulated depreciation-equipment (13,750 ) Total $107,150 $17,200

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2019 RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $16,500 Accounts receivable 24,900 Investments 19,750 Equipment 59,750 Accumulated depreciation-equipment (13,750 ) Total $107,150 $17,200 22,000 15,750 69,750 (10,000) $1,4,700 Accounts payable Bonds payable Common stock Retained earnings Total $14,350 10,000 49,500 33,300 $107,150 $11,050 30,000 44,500 29,150 $114,700 Additional information: 1. Net income was $18,250. Dividends declared and paid were $14,100. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,500 was sold for $3,300. 3. No noncash investing and financing activities occurred during 2020. RODRIQUEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Compute free cash flow. (Enter negative amount using either a negative sign preceding the number 0.g. -45 or parer Free cash flow

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