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Prepare a statement of cash flows for 2011 using the indirect method
13-9 Muldur corporation’s comparative balance sheets are presented below.
MULDUR CORPORATION
Comparative Balance Sheet
December 3
2011 2010
Cash $ 15,200 $ 17,700
Accounts receivable 25,200 22,300
Investments 20,000 16,000
Equipment 60,000 70,000
Accumulated depression (14,000) (10,000)
Total $ 106,400 $116,000
2011 2010
Accounts payable $ 14,600 $ 11,100
Bonds payable 10,000 30,000
Common stock 50,000 45,000
Retained earnings 31,800 29,900
Total $ 106,400 $ 116,000
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. All other changed in noncurrent account balances had a direct effect of cash flows, except the change in accumulated depreciation.
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