Presented below is a condensed version of the comparative

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Reference no: EM13579962

Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation for the last two years at December 31.

	2012		2011
Cash	$199,547		$99,138
Accounts receivable	228,780		235,135
Investments	66,092		94,054
Equipment	378,758		305,040
Less: Accumulated depreciation%u2014equipment	(134,726	)	(113,119	)
Current liabilities	170,314		191,921
Capital stock	203,360		203,360
Retained earnings	364,777		224,967

Additional information:

Investments were sold at a loss (not extraordinary) of $8,897; no equipment was sold; cash dividends paid were $63,550; and net income was $203,360.

(a) Prepare a statement of cash flows for 2012 for Sondergaard Corporation.

Reference no: EM13579962

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