Presented below is selected financial information for Rojo Corporation for December 31, 2022. 

Instructions 

a. Prepare the statement of cash fl ows for Rojo Corporation. 

b. Comment on the adequacy of net cash provided by operating activities to fund the company’s investing activities and dividend payments.

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$ 25,000 Cash paid to purchase equipment $ 12,000 40,000 100,000 132,000 Inventory Cash paid to suppliers 200,000 Service revenue 50,000 Cash received from customers 7,000 Cash received from issuing 9,000 Buildings Common stock Cash dividends paid Cash at beginning of period common stock 22,000