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Rodriquez Corporations comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2014 2013 Cash $15,260 $17,500 Accounts receivable 24,930 22,370 Investments

Rodriquez Corporations comparative balance sheets are presented below.

RODRIQUEZ CORPORATION Comparative Balance Sheets December 31

2014

2013

Cash

$15,260

$17,500

Accounts receivable

24,930

22,370

Investments

19,990

16,130

Equipment

60,200

69,940

Accumulated depreciationequipment

(14,240

)

(10,380

)

Total

$106,140

$115,560

Accounts payable

$14,690

$11,200

Bonds payable

10,210

30,160

Common stock

50,170

44,810

Retained earnings

31,070

29,390

Total

$106,140

$115,560

Additional information:

1.

Net income was $18,660. Dividends declared and paid were $16,980.

2.

Equipment which cost $9,740 and had accumulated depreciation of $1,430 was sold for $3,310.

3.

All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.

Prepare a statement of cash flows for 2014 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).)

Computer free cash flow.

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