Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31...
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Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $ 16,600 Accounts receivable 25,400 Investments 19,850 Equipment 59,950 Accumulated depreciation-equipment (14,150) Total $107,650 2019 $17,200 22,400 16,250 69,850 (10,300) $115,400 Accounts payable Bonds payable Common stock Retained earnings Total $14,450 10,100 49,900 33,200 $107,650 $11,050 30,000 45,300 29,050 $115,400 Additional information: Net income was $18.450. Dividends declared and paid were $14,300. Equipment which cost $9,900 and had accumulated depreciation of $1,500 was sold for $3,400. Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activi Depreciation Expense 1900 Loss on Disposal of Plant Assets Increase in Accounts Receivable Increase in Accounts Payable Net Cash Provided by Operating Activi Cash Flows from Operating Activities Sale of Equipment
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