Additional information:

1.		Net income was $18,350. Dividends declared and paid were $15,700.
2.		Equipment which cost $10,500 and had accumulated depreciation of $1,900 was sold for $3,600.
3.		No noncash investing and financing activities occurred during 2020.

Prepare a statement of cash flows for 2020 using the indirect method.

Question 5 Rodriquez Corporation's comparative balance sheets are presented below: 2019 RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $16,600 Accounts receivable 24,900 Investments 20,050 Equipment 59,750 Accumulated depreciation- (14,150 ) equipment Total $107,150 $17,300 22,400 15,850 70,250 (10,100) $115,700 Accounts payable Bonds payable Common stock Retained earnings $14,650 10,400 50,500 31,600 $107,150 $11,050 30,200 45,500 28,950 $115,700 Total