Question: Presented below is a condensed version of the comparative balance sheets for Garcia Corporation for the last two years at December 31. Additional information: Investments

Presented below is a condensed version of the comparative balance sheets

Presented below is a condensed version of the comparative balance sheets for Garcia Corporation for the last two years at December 31. Additional information: Investments were sold at a loss (not extraordinary) of $25,000; no equipment was sold; cash dividends paid were $75,000; and net income was $400,000. Instructions (a) Prepare a statement of cash flows for 2012 for Garcia Corporation acceptable under IFRS

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