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 $15,050 25,060 $17,430 22,040 15,880 69,870 Accounts receivable Investments 20,080 Equipment 59,910 (13,870 ) Accumulated depreciation-equipment (10,380 ) Total $106,230 $114,840 Accounts payable Bonds payable $14,790 $11,160 30,200 44,860 10,800 Common stock 49,910 Retained earnings 30,730 28,620 Total $106,230 $114,840 Additional information: 1. Net income was $18,270. Dividends declared and paid were $16,160. 2. Equipment which cost $9,960 and had accumulated depreciation of $1,330 was sold for $3,110. 3. All other changes in noncurrent account balances had a direct effect on cash fflows, except the change in accumulated depreciation. CES (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. -15,000, or in parenthesis e.g. (15,000).) art RODRIQUEZ CORPORATION Statement of Cash Flows For the Year Ended December 31, 2015 m) (Part an) Cash Flows from Operating Activities Net Income 18270 by Study Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 4820 Loss on Disposal of Equipment 5520 Increase in Accounts Receivable 3020 Increase in Accounts Payable 3630 10950 Net Cash Provided by Operating Activities 29220 Cash Flows from Investing Activities Sale of Equipment 3110 OURCES work Sale of Equipment 3110 Purchase of Investments 4200 1Pact on) A Pact sion) TAPart Net Cash Provided by Operating Activities 1090 Cash Flows from Financing Activities D-SA.(Pact amission) Issuance of Common Stock 5050 core esults by Study Payment of Dividends 16160 Retirement of Bonds 19400 Net Cash used by Financing Activities 30510 Net Decrease in Cash 2380 Cash at Beginning of Period 17430 Cash at End of Period 15050 SHOW SOLUTION LINK TO TEKT Attempts: 3 of 3 used (b) Compute free cash flow. Free cash flow $1 LINK TO TEXT