Exercise 13-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2015 2014 Cash $15,490 $17,300 Accounts receivable 25,060 22,130 Investments 20,180 16,200 Equipment 60,210 70,190 Accumulated depreciation-equipment (13,770) (10,180) Total $107,170 $115,640 Accounts payable Bonds payable Common stock Retained earnings Total $14,730 10,040 50,250 32,150 $107,170 $11,250 30,070 45,360 28,960 $115,640 Additional information: 1. Net income was $18,430. Dividends declared and paid were $15,240. 2. Equipment which cost $9.980 and had accumulated depreciation of $1,490 was sold for $3,270. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation (a) your answer is partially correct. Try again. Prepare a statement of cash flows for 2015 using the indirect method. (Show amounts that decrease cash flow with either a-sign e... - RODRIQUEZ CORPORATION Statement of Cash Flows For the Year Ended December 31, 2015 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Equipment Increase in Accounts Receivable Increase in Accounts Payable 1 3480 10850 DEMICICULUTUS For the Year Ended December 31, 2015 TCash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities : Depreciation Expense 5080 Loss on Disposal of Equipment 5220 Increase in Accounts Receivable 2930 Increase in Accounts Payable 10850 Net Cash Provided by Operating Activities 29280 Cash Flows from Investing Activities Purchase of Investments Sale of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Payment of Dividends 15240 Retirement of Bonds Issuance of common stock Net Cash used by Investing Activities D e Decrease in C Cash Deging Cented Cathet End Period Payment of Dividends Retirement of Bonds T Issuance of Common Stock A Net Cash used by Investing Activities Net Decrease in Cash I Cash at Beginning of Period TCash at End of Period SHOW SOLUTION LINK TO TEXT (b) Compute free cash flow. Free cash flow LINK TO TEXT