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Prepare a statement of cash flows for 2011 using the indirect method

13-9 ; Muldur corporation’s comparative balance sheets are presented below.

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; MULDUR CORPORATION

; Comparative Balance Sheet

;December 3

2011 ; ; 2010

Cash ; $ ; 15,200 ; ; $ ; 17,700 ;

;Accounts receivable ; ; ; 25,200 ; ; 22,300 ;

Investments ; ; 20,000 ; ; 16,000

Equipment ; ; 60,000 ; ; 70,000 ;

;Accumulated depression ; ; (14,000) ; (10,000) ;

; Total ; $ ; 106,400 $116,000

2011 ; ; ; ; ; ; ; ; ; 2010

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:

1. ; Net income was $18,300. Dividends declared and paid were $16,400.

2. ; Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300.

3. ; All other changed in noncurrent account balances had a direct effect of cash flows, except the change in accumulated depreciation.