E17.8 (LO 2, 3) Financial Statement Rojas Corporation's comparative balance sheets are presented below. Prepare statement of cash flows and compute free cash flow. Rojas Corporation Comparative Balance Sheets December 31 2020 2019 Cash $ 14,300 $ 10,700 Accounts receivable 21,200 23,400 Land 20,000 26,000 Buildings 70,000 70,000 Accumulated depreciation-buildings (15,000) (10,000) Total $110,500 $120,100 Accounts payable $ 12,370 $ 31,100 Common stock 75,000 69,000 Retained earnings 23,130 20,000 Total $110,500 $120,100 Additional information: 1. Net income was $22,630. Dividends declared and paid were $19,500. 2. No noncash investing and fi nancing activities occurred during 2020. 3. The land was sold for cash of $4,900. Instructions a. Prepare a statement of cash flows for 2020 using the indirect method. b. Compute free cash flow