5.000 COMPREHENSIVE PROBLEM: Using the information below prepare a statement of cash flows for Bodrum Company for the year 2010 in GOOD format (35 POINTS) Bodrum Company Information from Comparative Balance Sheets as of December 31 2010 2009 change Accounts with Debit Balances TL TL Buildings 285,000 190,000 95,000 32,500 44,500 (12,000) Equipment 287.500 260,000 27.500 Inventories 120.000 105,400 14,600 Land 35,000 30,000 Prepaid Expenses 2.250 71,750 (70,500) Accounts Receivables (net) 39,900 46,600 (6,700) Short term Financial Investments 45.250 0 45.250 847,400 748,250 119,150 Accounts with Credit Balances Accounts Payable 34.000 57,500 (23,500) Accumulated Depreciation-Buildings 60.500 53,000 7,500 Accumulated Depreciation Equipment 90,400 80,750 9,650 Additional Paid-in Capital 43,000 35,000 8,000 Bank loans 150,000 200,000 (50.00) Common Stock 270,000 250,000 20,000 Income Tax Payable 20,500 11,000 9.500 Note Payable (Long term note given for the land and building) 80.000 0 80,000 Retained Earnings 99,000 61,000 847,400 748,250 119,150 Income Statement Accounts for the year 2010; Sales Cost of Goods Sold Depreciation Other Expenses Gain on Sale of Assets Net Income TL 945,400 (667,500) (32,150) (198,750) 21,000 68,000 Additional information; a, Short term financial investments were purchased for TL 45,250 cash. b, The company sold equipment with cost of TL 25,000 and accumulated depreciation of TL 15,000 with sales price as of TL 30,000 for cash ; and purchased new equipment for cash. C, A building valued at TL 95,000 and land valued at TL 5,000 was purchased by a cash payment of TL 20,000 and issuance of a five year note payable for the rest, d, Issued and sold common stocks to increase capital. e, Declared and paid cash dividends of TL 30,000. f, Paid back bank loan