Rojas Corporation's comparative balance sheets are presented below. Rojas Corporation Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings Accumulated depreciation- buildings Total Accounts. payable Common stock Retained earnings 1. Total 2. 3. Net income. was $22,630. Dividends declared. and paid were $19,500. No noncash investing and financing activities occurred during 2019. 2019 The land was sold for cash of $4,900. $ 14,300 Additional information: 21,200 20,000 70,000 (15,000 $110,500 $ 12,370 75,000 23,130 $110,500 ) 2018 $ 10,700 23,400 26,000 70,000 (10,000 $120,100 $ 31,100 69,000 20,000 $120,100 ) Prepare a statement of cash flows for 2019 using the indirect method. Compute free cash flow.
Rojas Corporation's comparative balance sheets are presented below. Rojas Corporation Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings Accumulated depreciation- buildings Total Accounts. payable Common stock Retained earnings 1. Total 2. 3. Net income. was $22,630. Dividends declared. and paid were $19,500. No noncash investing and financing activities occurred during 2019. 2019 The land was sold for cash of $4,900. $ 14,300 Additional information: 21,200 20,000 70,000 (15,000 $110,500 $ 12,370 75,000 23,130 $110,500 ) 2018 $ 10,700 23,400 26,000 70,000 (10,000 $120,100 $ 31,100 69,000 20,000 $120,100 ) Prepare a statement of cash flows for 2019 using the indirect method. Compute free cash flow.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Rojas Corporation's comparative balance sheets are presented below.
Rojas
Corporation
Comparative
Balance
Sheets
December
31
Cash
Accounts
receivable
Land
Buildings
Accumulated
depreciation-
buildings
Total
Accounts
payable
Common stock
Retained
earnings
1.
Total
2.
3.
Net
income
was
$22,630.
Dividends
declared
and paid
were
$19,500.
No
noncash
investing
and
financing
activities
occurred
during
2019.
2019
The land
was sold
for cash
of
$4,900.
$ 14,300
21,200
20,000
Additional information:
70,000
(15,000 )
$110,500
$ 12,370
75,000
23,130
$110,500
2018
$ 10,700
23,400
26,000
70,000
(10,000
$120,100
$ 31,100
69,000
20,000
$120,100
)
Prepare a statement of cash flows for 2019 using the indirect method.
Compute free cash flow.
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