Here is a comparative balance sheet for Padgett Company: 

Here is a comparative balance sheet for Padgett Company:

Here is a comparative balance sheet for Padgett Company:

Additional information:
Net income for 2012 was $151,410.
Cash dividends of $66,150 were declared and paid.
Bonds payable amounting to $73,500 were redeemed for cash $73,500.
Common stock was issued for $61,740 cash.
No equipment was sold during 2012.
(a) Complete the statement of cash flows for 2012 using the indirect method.


Here is a comparative balance sheet for Padgett Company:

(b) Compute these cash-basisratios: