Rojas Corporation's comparative balance sheets are presented below: Additional information: 1 . Net income was $22,630. Dividends

Question:

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 2022.

3. The land was sold for cash of $4,900.Instructions


Instructions

a. Prepare a statement of cash flows for 2022 using the indirect method.

b. Compute free cash flow.

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Accounting Principles

ISBN: 9781119707110

14th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

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