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Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total $14,500 21,500 20,200 70,000 (15,500) $110,700 $10,600 23,200 25,700 70,000 (10,500) $119,000 Accounts payable Common stock Retained earnings Total $12,700 76,000 22,000 $110,700 $27,600 72,700 18,700 $119,000 Additional information: 1. Net income was $23,000. Dividends declared and paid were $19,700. 2. No noncash investing and financing activities occurred during 2020, 3. The land was sold for cash of $4,400. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either as ROJAS 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 e.g. -45 or parent Free cash flow $ Click if you would like to Show Work for this question: Open Show Work Exercise 17-10 Rodriquez Corporation's comparative balance sheets are presented below: 2019 RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $17,000 Accounts receivable 25,300 Investments 20,250 Equipment 59,850 Accumulated depreciation-equipment (13,750 ) Total $108,650 $17,500 22,100 16,050 70,150 (10,000) $115,800 Accounts payable Bonds payable Common stock Retained earnings Total $14,550 10,000 50,000 34,100 $108,650 $11,150 30,200 44,800 29,650 $115,800 Additional information: 1. Net income was $18,450. Dividends declared and paid were $14,000. 2. Equipment which cost $10,300 and had accumulated depreciation of $1,800 was sold for $3,700. 3. No noncash investing and financing activities occurred during 2020. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decres RODRIQUEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Received $100,000 from issuing bonds payable. c) Acquired equipment for $16,000 cash Click if you would like to show Work for this question: On Show Work Ques