Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $16,900 Accounts receivable 24.900 Investments 20,250 Equipment 59.750 Accumulated depreciation-equipment (14,150 ) Total $107.650 2019 $17,300 22,100 16,050 69,850 (10,500) $114,800 Accounts payable Bonds payable Common stock Retained earnings Total $14,850 11,000 49,900 31,900 $107,650 $11,250 30,200 45,200 28,150 $114,800 Additional information: 1. 2. 3. Net income was $18,250. Dividends declared and paid were $14,500. Equipment which cost $10,100 and had accumulated depreciation of $1,700 was sold for $3,600. 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 elther a-sign eg.-15,000, or in parenthesis e.g. (15,000) Your answer is partially correct Prepare a statement of cash flows for 2020 using the Indirect method. (Show amounts that decrease cash flow with either a sign 45-15.000, or in parenthesis es. (15,000 RODRIQUEZ CORPORATION Statement of Cash Flows December 31, 2020 Cash Flows from Operating Activities 1850 Net Income Adjustments to reconcile net income to Net Decrease in Cash Sale of investments 5350 Increase in Accounts Receivable v 4800 Increase in Accounts Payable 2800 Net Income 3600 10950 Cash Flows from Financing Activities 29200 Cash Flows from Financing Activities Issuance of Common Stock 3600 Depreciation Expense 4200 NetCash Provided by Investing Activities 600 Cash Flows from Financing Activities Decrease in Accounts Payable $ 19200 et Common Stock 700 Payment of Dividende 14500 Net Provided by Financing Activities 29000 Net Cash Uued by Investing Activities 300 Casateno Period v 17300 Cash End of Period 16900 eTextbook and Media X Your answer is incorrect Compute free cash flow. Enter negative amount using either a ne sin preceding the number -45 or parentheses (450 free cash flow $ 32800 eTextbook and Media