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FREE CASH-FLOW TOTAL -URGENT Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,700 $11,000 Accounts

FREE CASH-FLOW TOTAL -URGENT

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Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,700 $11,000 Accounts receivable 21,100 23,800 Land 20,000 25,600 Buildings 70,000 70,000 Accumulated depreciation-buildings (15,400 ) (10,700 ) Total $110,400 $119,700 Accounts payable $12,300 $28,100 Common stock 74,600 73,800 Retained earnings 23,500 17,800 Total $110,400 $119,700 Additional information: 1. Net income was $23,000. Dividends declared and paid were $17,300. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,700.Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 23000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 4700 Loss on Disposal of Plant Assets 900 Decrease in Accounts Receivable 2700 Decrease in Accounts Payable (15800) (7500) Net Cash Provided by Operating Activities 15500 Cash Flows from Investing Activities Sale of Land 4700 Net Cash Provided by Investing Activities 4700Cash Flows from Financing Activities Issuance of Common Stock 800 Payment of Dividends (17300) Net Cash Used by Financing Activities (16500) Net Increase in Cash 3700 Cash at Beginning of Period 11000 Cash at End of Period 14700 Click if you would like to Show Work for this question: Open Show Work Attempts: 1 of 1 used (b) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow

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