Rojas Corporations comparative balance sheets are presented below.

ROJAS CORPORATION Comparative Balance Sheets December 31
		2020			2019
Cash		$14,200			$10,000
Accounts receivable		20,700			22,900
Land		19,500			25,500
Buildings		69,500			69,500
Accumulated depreciationbuildings		(14,500	)		(10,000	)
Total		$109,400			$117,900
Accounts payable		$11,800			$27,600
Common stock		74,000			71,000
Retained earnings		23,600			19,300
Total		$109,400			$117,900

Additional information:

1.		Net income was $22,100. Dividends declared and paid were $17,800.
2.		No noncash investing and financing activities occurred during 2020.
3.		The land was sold for cash of $4,400.

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).)

ROJAS 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 Sale of Land Decrease in Accounts Receivable Decrease in Accounts Payable - Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Net Cash Provided by Investing Activities Cash Flows from Financing Activities - Issuance of Common Stock Payment of Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period