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

Additional information:
Investments were sold at a loss (not extraordinary) of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000.
Instructions
(a) Prepare a statement of cash flows for 2012 for Sondergaard Corporation.
(b) Determine Sondergaard Corporation’s free cashflow.
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