Condensed financial statements for Dragoon Enterprises follow.
(a) Calculate the amount of dividends Dragoon paid using the information given.
(b) Prepare a statement of cash flows using the indirectmethod.

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Dragoon Enterprises Comparative Balance Sheets December 31, 2009 and 2008 2009 2008 $ 850 1,200 1,360 3,900 (1,100) 1,110 7,320 800 350 120 50 1,400 930 70 3,600 $7,320 Cash Accounts receivable Inventory Plant and equipment 1,200 1,750 1,250 4,600 (1,200) 970 8,570 1,100 250 70 200 1,100 1,000 400 4,450 Total Liabilities and Equity$8,570 Accumulated depreciation Long-term investments Total Assets Accounts payable Accrued wages payable Interest payable Income tax payable Bonds payable Capital stock Paid-in capital Retained earnings Income Statement For Year Ended December 31, 2009 $9,500 6,650 Sales Cost of goods sold Gross profit Other expenses Selling and administrative Depreciation Interest Income tax 1,200 100 150 350 $1,050 Net income