Question: Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation for the last two years at December 31. 2012 2011 Cash

Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation for the last two years at December 31.

2012

2011

Cash $329,386 $163,644
Accounts receivable 377,640 388,130
Investments 109,096 155,252
Equipment 625,204 503,520
Less: Accumulated depreciation%u2014equipment (222,388 ) (186,722 )
Current liabilities 281,132 316,798
Capital stock 335,680 335,680
Retained earnings 602,126 371,346

Additional information: Investments were sold at a loss (not extraordinary) of $14,686; no equipment was sold; cash dividends paid were $104,900; and net income was $335,680. (a) Prepare a statement of cash flows for 2012 for Sondergaard Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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