Use your answers to Problems and Cases 2.12 through 2.14.
In problem

Required:
(a) Prepare a summary cash flow statement showing only a single line for each of the three activity sections of the cash flow statement for MHA for 2010 and reconciling it to opening and closing cash for 2010.
(b) Did it work? Did you get the 2010 cash balance on the balance sheet? If not, check each activity section in the previous three questions and try to correct your error.
(c) Briefly explain in one sentence what happened to cash at MHA in 2010.

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Medicine Hat ArtGlass Ltd Balance Sheet as at December 31 2010 2009 $ 75,000 18,500 42,000 50,000 145,000 Cash Accounts receivable Inventory Land Buildings Lees: Accumulated depreciation-Buildings Furniture and equipment (F &E) Less: Accumulated depreciation-E & E. Trucks Less: Accumulated depreciation Trucks Total assets $ 62,000 15,000 47,000 50,000 145,000 (110,000) 30,000 (12,000) 36,000 (22,000) (105,000) 24,000 (11,000) 50,000 (26,000) 241,000262,500 Accounts payable Taxes payable Bonds payable, 2018 Common shares Retained earnings Total liabilities and shareholders' equity $49,000 4,500 75,000 95,000 17,500 $35,000 6,200 50,000 95,000 76,300 5 241,0005 262500