please explain more than other answers

Learning Activity # 2 In preparing the balance sheets, remember that shareholders' equity is the residual. With this in mind, Mata's balance sheets are as follow: You are required to prepare cash flow statements: Current assets Net fixed assets 2008 $2.205 7344 MARA CORPORATION 2000 and 2009 Balance Sheets 2009 $ 2,429 Current liabilities 7,650 Long-term debt Equity Total liabilities and $10,079 shareholders' equilty 2008 $1,003 3.106 5,440 2009 $ 1.255 2,085 6,739 Total assets $9.549 $9.549 $10,079 $4.507 2.633 MARA CORPORATION 2000 Income statement Sale Cont of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (359) Net Income Dividends Addition to retained earnings 222 922 190 $