Exercise 13-9 Rodriquez Corporation?s comparative balance sheets are presented below.

RODRIQUEZ CORPORATION Comparative Balance Sheets December 31
2015	2014
Cash	$15,260	$17,420
Accounts receivable	25,350	22,150
Investments	19,800	16,150
Equipment	60,100	70,060
Accumulated depreciation?equipment	(14,120	)	(10,130	)
Total	$106,390		$115,650
Accounts payable	$14,590	$11,140
Bonds payable	10,630	30,030
Common stock	49,990	44,850
Retained earnings	31,180		29,630
Total	$106,390		$115,650

Additional information:

1.	Net income was $18,540. Dividends declared and paid were $16,990.
2.	Equipment which cost $9,960and had accumulated depreciation of $1,430was sold for $3,440.
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
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Purchase of EquipmentIncrease in InventoryPayment of Cash DividendsDecrease in InventoryDecrease in Accounts ReceivableIssuance of Common StockRedemption of BondsIncrease in Accounts PayableSale of LandNet IncomeDepreciation ExpenseIncrease in Accounts ReceivableDecrease in Accounts Payable	$
Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Decrease in Accounts ReceivableIncrease in Accounts PayableSale of EquipmentDecrease in Accounts PayablePayment of DividendsNet IncomeIssuance of Common StockRetirement of BondsDepreciation ExpenseLoss on Disposal of EquipmentPurchase of InvestmentsIncrease in Accounts Receivable	$
Purchase of InvestmentsIssuance of Common StockIncrease in Accounts ReceivablePayment of DividendsDecrease in Accounts ReceivableIncrease in Accounts PayableLoss on Disposal of EquipmentSale of EquipmentRetirement of BondsNet IncomeDepreciation ExpenseDecrease in Accounts Payable
Depreciation ExpenseIssuance of Common StockNet IncomePayment of DividendsLoss on Disposal of EquipmentIncrease in Accounts ReceivableSale of EquipmentDecrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts PayablePurchase of InvestmentsRetirement of Bonds
Decrease in Accounts ReceivableIncrease in Accounts ReceivableIncrease in Accounts PayableNet IncomeRetirement of BondsDepreciation ExpenseLoss on Disposal of EquipmentPurchase of InvestmentsIssuance of Common StockPayment of DividendsSale of EquipmentDecrease in Accounts Payable
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Issuance of Common StockNet IncomeLoss on Disposal of EquipmentDepreciation ExpensePayment of DividendsRetirement of BondsIncrease in Accounts ReceivableDecrease in Accounts ReceivableDecrease in Accounts PayableIncrease in Accounts PayableSale of EquipmentPurchase of Investments
Increase in Accounts PayablePurchase of InvestmentsLoss on Disposal of EquipmentNet IncomeDepreciation ExpenseDecrease in Accounts ReceivableRetirement of BondsIssuance of Common StockDecrease in Accounts PayableIncrease in Accounts ReceivableSale of EquipmentPayment of Dividends
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Issuance of Common StockNet IncomePayment of DividendsRetirement of BondsDecrease in Accounts ReceivableDecrease in Accounts PayableLoss on Disposal of EquipmentIncrease in Accounts ReceivableIncrease in Accounts PayableDepreciation ExpenseSale of EquipmentPurchase of Investments	$
Loss on Disposal of EquipmentDepreciation ExpenseSale of EquipmentIncrease in Accounts ReceivableRetirement of BondsDecrease in Accounts ReceivablePurchase of InvestmentsNet IncomeIssuance of Common StockIncrease in Accounts PayablePayment of DividendsDecrease in Accounts Payable
Depreciation ExpenseLoss on Disposal of EquipmentIncrease in Accounts ReceivablePurchase of InvestmentsDecrease in Accounts ReceivableDecrease in Accounts PayableIncrease in Accounts PayableSale of EquipmentPayment of DividendsIssuance of Common StockRetirement of BondsNet Income
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash	$

Compute free cash flow.

Free cash flow

$