Question: Exercise 1.3-9Rodriquez Corporation's comparative balance sheets are presented below.1. Net income was $18,750. Dividends declared and paid were $16,330.2. Equipment which cost $9,850 and had

Exercise 1.3-9Rodriquez Corporation's comparative balance sheets are presented below.1. Net income

Exercise 1.3-9Rodriquez Corporation's comparative balance sheets are presented below.1. Net income was $18,750. Dividends declared and paid were $16,330.2. Equipment which cost $9,850 and had accumulated depreciation of $1,170 was sold for $3,080.3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation

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