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Muldur Corporation's comparative balance sheets are presentedbelow.

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:

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

Prepare a statement of cash flows for 2012 using the indirectmethod.

Compute free cash flow

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Nestor Rutherford
Nestor RutherfordLv2
28 Sep 2019

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