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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:

  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 changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.
  4.    
    1 Prepare a statement of cash flows for 2012 using the indirect method
    2  prepare Compute free cash flow.
 

 
 
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