Prepare a statement of cash flows for 2012 using the

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Reference no: EM13581028

Muldur Corporation's comparative balance sheets are presented below.

MULDUR CORPORATION
Comparative Balance Sheets
December 31
	2012	2011
Cash	$ 15,200	$ 17,700
Accounts receivable	25,200	22,300
Investments	20,000	16,000
Equipment	60,000	70,000
Accumulated depreciation	(14,000)	(10,000)
Total	$106,400	$116,000

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:

Net income was $18,300. Dividends declared and paid were $16,400.
Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300.
All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.

Prepare a statement of cash flows for 2012 using the indirect method.Compute free cash flow

Reference no: EM13581028

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