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Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land $15,100 21,200 20,400 69,700 (15,400) $10,200 23,100 26,000 69,700 (10,600) Buildings Accumulated depreciation-buildings Total $1110 $111.000 $118.400 Accounts payable $12,700 $28,200 73,400 Common stock 74,100 Retained earnings 24,200 24,200 $111.000 16,80 16,800 $118,400 Total Additional information: 1 Neticom 2400 Dissidendsde dacadandande 15.000 Total $111,000 $118,400 Additional information: 1. Net income was $22,400. Dividends declared and paid were $15,000. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,500. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a e.g. -15,000, 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 22400 Adjustments to reconcile net income to Cash Flows from Operating Activities ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $15,100 $10,200 Accounts receivable 21,200 23,100 Land 20,400 26,000 Buildings 69,700 69,700 Accumulated depreciation-buildings (15,400) $111,000 (10,600) $118,400 Total Accounts payable $12,700 $28,200 Common stock 74,100 73,400 Retained earnings 24,200 16,800 Total $111,000 $118,400