Rolling Meadows Country Club Inc is a privately owned corporation
Rolling Meadows Country Club Inc. is a privately owned corporation that operates a golf club. Rolling Meadows reported the following inflows and outflows of cash during 2011:
Rolling Meadows had cash on hand at 1/1/11 of $10,300.

Required:
1. Prepare a properly formatted statement of cash flows using the indirect method.
2. What can you conclude by examining the patterns in Rolling Meadow’s cash flows?
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