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Please help me and I will rate you, thanks! Exercise 13-10 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative
Please help me and I will rate you, thanks!
Exercise 13-10 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Total $16,700 25,100 20,050 60,250 (13,750) $108,350 $17,300 22,300 15,750 69,850 (10,300 ) $114,900 Accounts payable Bonds payable Common stock Retained earnings Total $14,650 10,800 49,800 $11,050 30,100 44,500 29,250 33,100 $108,350 $114,900 Additional information: 1. Net income was $18,450. Dividends declared and paid were $14,600. 2. Equipment which cost $9,600 and had accumulated depreciation of $1,700 was sold for $3,600. 3. No noncash investing and financing activities occurred during 2020. (a) 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).) RODRIQUEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to LINK TO TEXT LINK TO TEXT Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Gain on Disposal of Plant Assets Purchase of Investments Purchase of Equipment Increase in Accounts Payable Decrease in Accounts Payable Depreciation Expense Issuance of Common Stock Sale of Investments Sale of Land Payment of Cash Dividends Redemption of Bonds Decrease in Accounts Receivable Sale of Bonds Increase in Inventory Net Income Decrease in Inventory Increase in Accounts Receivable (a) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decreas ork (12 RODRIQUEZ CORPORATION Statement of Cash Flows 13-2 13-4 213-5 20 (Part sion A Adjustments to reconcile net income to by re Payment of Dividends Depreciation Expense Retirement of Bonds Purchase of Investments Decrease in Accounts Payable Sale of Bonds Gain on Disposal of Plant Assets Increase in Accounts Receivable Purchase of Equipment Sale of Investments Decrease in Accounts Receivable Net Income Increase in Accounts Payable Loss on Disposal of Plant Assets Sale of Equipment Issuance of Common Stock SStep by Step Solution
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