Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total $14,900 21,700 20,000 70,300 (15,100) $111,800 $10,800 23,200 26,200 70,300 (10,500) $120,000 Accounts payable Common stock Retained earnings Total $12,700 74,600 24,500 $ 27,900 73,800 18,300 $120,000 $111,800 Additional information: 1. Net income was $23,100. Dividends declared and paid were $16,900. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,600. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts th or in parenthesis e.g. (15,000).) ROJAS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Decrease in Accounts Receivable DOOD DO Decrease in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Cash Flows from Investing Activities Sale of Land Net Cash Provided by Investing Activities Cash Flows from Financing Activities Payment of Dividends 00 Issuance of Common Stock Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period LENK TO TEXT LINK TO TEXT x Your answer is incorrect