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Exercise 13-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Compara Balance Shects December 31 2015 2014 Cash $15,470 25,210

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Exercise 13-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Compara Balance Shects December 31 2015 2014 Cash $15,470 25,210 19,910 59,840 (14,220 $17,480 22,080 16,160 70,060 (10,300 Accounts receivable Investments Equipment Accumulated depreciation-equipment $106,210 $115,480 Total Accounts payable Bonds payable $14,550 $11,260 10,360 30,040 Common stock 49,980 44,740 Retained earnings 31,320 $106,210 29,440 $115,480 Total Additional information: 1. Net income was $18,270. Dividends declared and paid were $16,390. 2. Equipment which cost $10,220 and had accumulated depreciation of $1,430 was sold for $3,280. 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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