Muldur Company€™s comparative statements of financial position are presented below.

Additional information:
1. Net income was ‚¬18,300. Dividends declared and paid were ‚¬16,400.
2. Equipment that cost ‚¬10,000 and had accumulated depreciation of ‚¬1,200 was sold for ‚¬3,300.
3. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation.

Instructions
(a) Prepare a statement of cash flows for 2011 using the indirect method.
(b) Compute free cashflow.

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MULDUR COMPANY Comparative Statements of Financial Position December 31 Equipment Accumulated depreciation Investments Accounts receivable Cash 2011 60,000 (14,000) 20,000 25,200 15,200 70,000 (10.000) 16,000 22,300 17,700 116,000 Total 106.400 Share capital-ordinary Retained earnings Bonds payable Accounts payable 50,000 31,800 10,000 14,600 106,400 45,000 29,900 30,000 11.100 116.000 Total