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all of 17.8 please E17.8 (LO 2, 3) Financial...

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Accounting

all of 17.8 please
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E17.8 (LO 2, 3) Financial Statement Rojas Corporation's comparative balance sheets are presented below. Prepare statement of cash flows and compute free cash flow. Rojas Corporation Comparative Balance Sheets December 31 2020 2019 $ 14,300 $ 10,700 Cash Accounts receivable 21,200 23,400 20,000 Land 26,000 70,000 Buildings 70,000 Accumulated depreciation-buildings (15,000) (10,000) Total $110,500 $120,100 $ 31,100 $ 12,370 Accounts payable 75,000 Common stock 69,000 26,000 20,000 Land Buildings 70,000 70,000 Accumulated depreciation-buildings (15,000) (10,000) Total $110,500 $ 12,370 $120,100 $ 31,100 Accounts payable Common stock 75,000 69,000 Retained earnings 23,130 20,000 $110,500 $120,100 Total Additional information: 1. Net income was $22,630. Dividends declared and paid were $19,500. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,900. Instructions a. Prepare a statement of cash flows for 2020 using the indirect method. b. Compute free cash flow

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