Rodriquez Corporations comparative balance sheets are presented below. Additional information: 1. Net income was $18,300. Dividends declared and paid were $16,400. 2. Equipment which cost

Rodriquez Corporation’s comparative balance sheets are presented below.

Additional information:
1. Net income was $18,300. Dividends declared and paid were $16,400.
2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300.
3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.

Instructions
(a) Prepare a statement of cash flows for 2014 using the indirect method.
(b) Compute free cashflow.

RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2014 15,200 25,200 20,000 60,000 2013 as Accounts receivable Investments Equipment 17,700 22,300 16,000 70,000 (14,000 (10,000) $106,400 Accumulated depreciation equipment Total OP00$116.000 Accounts payable Bonds payable Common stock Retained earnings $14,600 10,000 50,000 31,800 11,100 30,000 45,000 29,900 $116,000 Total 106,400