Learning Activity # 2 In preparing the balance sheets, remember that shareholders' equity is the residual. With this in mind, Mara's balance sheets are as follow: You are required to prepare cash flow statements: MARA CORPORATION Current assets Net fixed assets 2008 $2,205 7364 2008 and 2009 Balance Sheets 2009 $ 2,429 Current liabilities 7.650 Long-term debt Equity Total liabilities and $10,079 shareholders' equity 2008 $1,003 3.100 5.400 2009 $ 1.255 2,085 6.739 Total assets $9,549 $9,549 $10.079 MARA CORPORATION 2009 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (3596) Net income Dividends $250 Addition to retained earnings 222 $4,507 2.633 952 $ 922 196 $ 726 254 $ 472