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Question 15 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated

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Question 15 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total $14,200 21,700 20,200 69,800 (15,200) $110,700 $10,500 23,500 26,500 69,800 (11,000) $119,300 Accounts payable Common stock Retained earnings Total $11,800 75,200 23,700 $110,700 $28,600 71,200 19,500 $119,300 Additional information: 1. Net income was $22,200. Dividends declared and paid were $18,000. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,700. dy Prepare a statement of cash flows for 2020 using the indirect method. (Show ama ROJAS CORPORATION Statement of Cash Flows 4 $ Adjustments to reconcile net income to 4 $ > $ $

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