Rojas Corporation's comparative balance sheets are presented below.

Additional information:
1. Net income was $22,630. Dividends declared and paid were $19,500.
2. No noncash investing and financing activities occurred during 2019.
3. The land was sold for cash of $4,900.
Instructions
(a) Prepare a statement of cash flows for 2019 using the indirect method.
(b) Compute free cash flow.

ROJAS CORPORATION Comparative Balance Sheets December 31 2019 2018 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $14,300 21,200 20,000 70,000 (15,000) $110,500 $ 10,700 23,400 26,000 70,000 (10,000) $120,100 Total $12,370 75,000 23,130 $110,500 31,100 69,000 20,000 $120,100 Accounts payable Common stock Retained earnings Total