Please answer Part B, The information is provided for Part A. Thank you.

Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14.500 $10.600 Accounts receivable 21,500 23,200 Land 20.200 25.700 Buildings 70.000 70,000 Accumulated depreciation-buildings (15,500) (10.500) Total $110,700 $119,000 Accounts payable Common stock Retained earnings Total $12,700 76,000 22.000 $110.700 $27,600 72,700 18.700 $119,000 Additional information: 1. 2. 3. Net income was $23,000. Dividends declared and paid were $19.700. No noncash investing and financing activities occurred during 2020. The land was sold for cash of $4.400. 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 eg. (15,000).) ROJAS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activitles Net Income 23000 Adjustments to reconcile net income to Net Cash Provided by Operating Actvitles Depreciation Expense $ 5000 Loss on Disposal of Plant Assets 1100 Decrease in Accounts Receivable V 1700 Decrease in Accounts Payable (14900) (7100) Net Cash Provided by Operating Activities 15900 Cash Flows from Investing Activities Sale of Land 4400 Net Cash Provided by Investing Activities 4400 Cash Flows from Financing Activities Payment of Dividends $ (19700) Issuance of Common Stock 3300 Net Cash Used by Financing Activitles (16400) Net Increase in Cash 3900 Cash at Beginning of Perlod 10600 Cash at End of Period $ 14500 (b) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Free cash flow $