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Instructions Prepare a statement of cash flows for 2020 using the indirect method. and E17.10 (LO 2, 3) Financial Statement Rodriquez Corporation's comparative balance sheets
Instructions Prepare a statement of cash flows for 2020 using the indirect method. and E17.10 (LO 2, 3) Financial Statement Rodriquez Corporation's comparative balance sheets are presented below. Rodriquez Corporation Comparative Balance Sheets December 31 2019 2020 $ 17,700 22,300 16,000 70,000 (10,000) Cash $ 15,200 25,200 20,000 Accounts reccivable Investments Equipment Accumulated depreciation-equipment 60,000 (14,000) $116,000 Total $106,400 $ 11,100 30,000 s 14,600 Accounts payable Bonds payable Common stock 10,000 50,000 31,800 45,000 29,900 Retained earnings $116,000 $106,400 Total Additional information: 1. Net income was $18,300. Dividends declared and paid were $16.400. 2. Equipment which cost $10,000 and had accumulated depreciation of $1.200 was sold for $3,300. 3. No noncash investing and financing activities occurred during 2020
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