Rojas Corporations comparative balance sheets are presented below.

ROJAS CORPORATION Comparative Balance Sheets December 31
		2020			2019
Cash		$14,900			$10,400
Accounts receivable		21,500			23,400
Land		19,700			25,900
Buildings		70,100			70,100
Accumulated depreciationbuildings		(14,800	)		(10,700	)
Total		$111,400			$119,100
Accounts payable		$12,100			$28,300
Common stock		75,400			73,600
Retained earnings		23,900			17,200
Total		$111,400			$119,100

Additional information:

1.		Net income was $22,400. Dividends declared and paid were $15,700.
2.		No noncash investing and financing activities occurred during 2020.
3.		The land was sold for cash of $4,900.

ROJAS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ 22400 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 4100 Loss on Disposal of Plant Assets 1300 Decrease in Accounts Receivable 1900 Decrease in Accounts Payable - 16200 -8900 Net Cash Provided by Operating Activities 13500 Cash Flows from Investing Activities Sale of Land 4900 Cash Flows from Financing Activities 18400 Cash Flows from Financing Activities Payment of Dividends $ - 18400 Issuance of Common Stock 1800 Net Cash Used by Financing Activities - 1660 Net Increase in Cash 4500 Cash at Beginning of Period 10400 Cash at End of Period $ 14900 (b) X Your answer is incorrect. 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 $ 13500 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit