Question: Prepare statement of cash flows -indirect method and compute free cash flow. E17.10 (LO22,3), AP Rodriquez Corporation's comparative balance sheets are as follows. Additional information:
Prepare statement of cash flows -indirect method and compute free cash flow. E17.10 (LO22,3), AP Rodriquez Corporation's comparative balance sheets are as follows. Additional information: 1. Net income was $18,300. Dividends declared and paid were $16,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300. 3. No noncash investing and financing activities occurred during 2022. 4. Bonds were retired at their carrying value. Instructions a. Prepare a statement of cash flows for 2022 using the indirect method. b. Compute free cash flow. Compute net cash provided by operating activities - direct method. "E17.11 (L.0 4), AP Zimmer Company completed its first year of operations on December 31, 2022. Its initial income statement showed th
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