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ROJAS CORPORATION Comparative Balance Sheets December 31 Statement of Cash Flows For the Year Ended December 31, 2020 2020 2019 TCash Flows from Operating Activities
ROJAS CORPORATION Comparative Balance Sheets December 31 Statement of Cash Flows For the Year Ended December 31, 2020 2020 2019 TCash Flows from Operating Activities Cash Flows from $122600 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total $14,600 21,100 19,900 69,800 (15,200) $ 110,200 $10,500 TNet Income 23,500 Adjustments to reconcile net income to 26,100 TNet Cash Provided by Operating Activities 69,800 (10,800) Depreciation Expense $119,100 TLoss on Disposal of Plant Assets 514400 41700 TDecrease in Accounts Receivable 72400 Decrease in Accounts Payable Accounts payable Common stock Retained earnings Total $11,900 75,100 23,200 $110,200 $28,500 71.000 19,600 $119,100 116600) 48100) TNet Cash Provided by Operating Activities 114500 Additional information: TCash Flows from Investing Activities 1. Net income was $22,600. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,500. Sale of Land 74500 TNet Cash Provided by Investing Activities (b) TCash Flows from Financing Activities Tissuance of Common Stock 4100 X Your answer is incorrect. Try again. Payment of Dividends 119000) Compute free cash flow. (Enter negative TNet Cash Used by Financing Activities 14900) Free cash flow 4100 4100 Net Increase in Cash TCash at Beginning of Period 2 10500 14600 Cash at End of Period
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