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Rodriquez Corporation's comparative balance sheets are presented below: 2019 RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $16,700 Accounts receivable 25,100 Investments 19,850 Equipment
Rodriquez Corporation's comparative balance sheets are presented below: 2019 RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $16,700 Accounts receivable 25,100 Investments 19,850 Equipment 60,050 Accumulated depreciation-equipment (14,150 ) Total $107,550 $17,500 22,300 15,850 69,950 (10,100 ) $115,500 Accounts payable Bonds payable Common stock Retained earnings Total $ 14,750 11,000 49,900 31,900 $107,550 $11,150 30,000 45,300 29,050 $115,500 Additional information: 1. Net income was $18,250. Dividends declared and paid were $15,400. 2. Equipment which cost $9,900 and had accumulated depreciation of $2,000 was sold for $3,400. 3. No noncash investing and financing activities occurred during 2020. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets DODI Increase in Accounts Receivable Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Purchase of Investments Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Dividends Issuance of Common Stock JON Retirement of Bonds Net Cash Used by Financing Activities Net Decrease in Cash Cash at Beginning of Period Cash at End of Period x Your answer is incorrect. Try again. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow
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