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Rodriquez Corporation's comparative balance sheets are presented below: Additional information: 1. Net income was $18,450. Dividends declared and paid were $14,300. 2. Equipment which cost
Rodriquez Corporation's comparative balance sheets are presented below: Additional information: 1. Net income was $18,450. Dividends declared and paid were $14,300. 2. Equipment which cost $9,900 and had accumulated depreciation of $1,500 was sold for $3,400. 3. No noncash investing and financing activities occurred during 2020. 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 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 Increase in Accounts Receivable Increase in Accounts Payable Net Cash Provided by Operating Activities V Cash Flows from Investing Activities Sale of Equipment Purchase of Investments Net Cash Used by Investing Activities 5000 3000 3600 200 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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