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Cash Flow for Rasputin Corporation.
Based on the following information for Rasputin Corporation, prepare an income statement for 2008 and balance sheets for 2007 and 2008. Next calculate cash flow from assets for Rasputin cash flow to creditors, and cash flow to stockholders for 2008. Use a 34 percent tax rate throughout.
2007
2008
Sales
($) 3,790
($) 3,990
Cost of goods sold
2,043
2,137
Depreciation
975
1,018
Interest
225
267
Dividends
200
Current assets
2,140
2,346
Net fixed assets
6,770
7,087
Current liabilities
9,94
1,126
Long term debts
2,869
2,956
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