Reference no: EM132066249

Question

Prepare a statement of cash flows of Stanislaus Co. for the year ending December 31, 2012

                                                                                                                  December 31

                                                                                    2011                            2012

Land                                                          € 58,800                €      21,000

Equipment................................................ 504,000                       789,600

Inventory................................................. 168,000                       201,600

Accounts receivable (net)........................     84,000                       151,200

Cash.........................................................     42,000                         63,000

TOTAL........................................ €856,800                  €1,226,400

Share capital-ordinary............................. €420,000                  €   487,200

Retained earnings....................................     67,200                       205,800

Notes payable - Long-term...................... 168,000                       302,400

Notes payable - Short-term......................     67,200                         29,400

Accounts payable.....................................     50,400                         86,000

Accumulated depreciation.......................     84,000                      115,600

TOTAL........................................ €856,800                 €1,226,400

Additional data for 2012:

1.   Net income was €235,200.

2.   Depreciation was €31,600.

3.   Land was sold at its original cost.

4.   Dividends of €96,600 were paid.

5.   Equipment was purchased for €84,000 cash.

6.   A long-term note for €201,600 was used to pay for an equipment purchase.

7.   Share capital-ordinary was issued to pay a €67,200 long-term note payable.