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Home Read, Study & Practice Assignment Gradebook ORION Downloadable e Textbook Assignment > Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Rojas Corporation's comparative
Home Read, Study & Practice Assignment Gradebook ORION Downloadable e Textbook Assignment > Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Rojas Corporation's comparative balance sheets are presented below. ASSIGNMENT RESOURCES C 17 Exercise 17-08 Exercise 17-02 2019 Review Score Review Results by Study Objective ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $15,200 Accounts receivable 20,700 Land 20,300 Buildings 69,900 Accumulated depreciation-buildings (14,800) Total $111,300 $10,600 23,500 26,300 69,900 (10,500) $119,800 Accounts payable Common stock Retained earnings Total $11,800 75,900 23,600 $111,300 $28,300 71,600 19,900 $119,800 Additional information: 1. Net income was $23,100. Dividends declared and paid were $19,400. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,500. Prepare a statement of cash flows for 2020 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).)
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