Reference no: EM13156239
Presented below is a condensed version of the comparative balance sheets for Sondergaard Corp. for the last two years at Dec. 31
Cash 2010 $157,000 and 2009 $78,000
A/R 2010 $180,000 and $185,000
Investments 2010 $52,000 and 2009 $74,000
Equipment 2010 $298,000 and 2009 $240,000
Less: accumulated depreciation 2010 ($106,000) and 2009 ($89,000)
Current liabilities 2010 $134,000 and 2009 $151,000
Capital stock 2010 $160,000 and 2009 $160,000
Retained earnings 2010 $287,000 and 2009 $177,000
Addtl. Info: Investments were sold at a loss (not extraordinary) of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000
Prepare a statement of cash flows for 2010 for Sondegaard Corporation.
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