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Exercise 13-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2015 Cash $15,060 Accounts receivable
Exercise 13-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2015 Cash $15,060 Accounts receivable 25,170 Investments 19,940 Equipment 59,970 Accumulated depreciation-equipment (13,840 ) Total $106,300 2014 $17,420 22,410 15,920 69,940 (10,450 ) $115,240 Accounts payable Bonds payable Common stock Retained earnings Total $14,380 10,120 49,830 31,970 $106,300 $11,210 30,070 45,260 28,700 $115,240 Additional information: 1. Net income was $18,590. Dividends declared and paid were $15,320. 2. Equipment which cost $9,970 and had accumulated depreciation of $1,360 was sold for $3,360. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Prepare a statement of cash flows for 2015 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15, 000).) RODRIQUEZ CORPORATION Statement of Cash Flows For the Year Ended December 31, 2015 Adjustments to reconcile net income to
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