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help me finish this... Prepare a statement of cash flows for 2017 using the indirect method AND COMPUTE FREE CASH FLOW Rodriquez Corporations comparative balance
help me finish this...
Prepare a statement of cash flows for 2017 using the indirect method AND COMPUTE FREE CASH FLOW
Rodriquez Corporations comparative balance sheets are presented below.
RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 | ||||||
2017 | 2016 | |||||
Cash | $ 16,800 | $ 17,300 | ||||
Accounts receivable | 24,900 | 22,200 | ||||
Investments | 20,250 | 16,250 | ||||
Equipment | 60,050 | 70,250 | ||||
Accumulated depreciationequipment | (13,850 | ) | (10,100 | ) | ||
Total | $108,150 | $115,900 | ||||
Accounts payable | $ 14,550 | $ 11,050 | ||||
Bonds payable | 10,900 | 30,000 | ||||
Common stock | 49,500 | 45,400 | ||||
Retained earnings | 33,200 | 29,450 | ||||
Total | $108,150 | $115,900 |
Additional information:
1. | Net income was $18,550. Dividends declared and paid were $14,800. | |
2. | Equipment which cost $10,200 and had accumulated depreciation of $1,500 was sold for $3,500. | |
3. | No noncash investing and financing activities occurred during 2017. |
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