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Prepare a statement of cash flows for 2020 using the indirect method. Rodriquez Corporations comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets

Prepare a statement of cash flows for 2020 using the indirect method.

Rodriquez Corporations comparative balance sheets are presented below:

RODRIQUEZ CORPORATION Comparative Balance Sheets December 31

2020

2019

Cash

$16,900

$17,300

Accounts receivable

25,200

22,400

Investments

20,150

15,950

Equipment

60,250

70,250

Accumulated depreciationequipment

(13,850

)

(10,400

)

Total

$108,650

$115,500

Accounts payable

$14,450

$11,150

Bonds payable

10,200

30,200

Common stock

50,100

44,700

Retained earnings

33,900

29,450

Total

$108,650

$115,500

Additional information:

1. Net income was $18,550. Dividends declared and paid were $14,100.
2. Equipment which cost $10,000 and had accumulated depreciation of $1,500 was sold for $3,500.
3. No noncash investing and financing activities occurred during 2020.

Here's what I have so far:

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For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 18550 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Increase in Accounts Receivable Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Investments Sale of Equipment Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Dividends Retirement of Bonds Issuance of Common Stock Cash Flows from Financing Activities Net Decrease in Cash Cash at Beginning of Period Cash at End of Period

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