780 Chapter 12 Setement of Cash Flows 17.11 RAMIREZ COMPANY Comparative Balance Sheets December 31 2010 Cash Accounts receivabi Inventory Prepaid expenses Land Equipment Accumulated depra equipment Building Accumulated deprecation-building Total $ 71.000 44.000 151.450 15.280 105.000 228.000 (45.000) 2010 (0.000) $209,720 2009 $ 45.000 62.000 142.000 21.000 130.00 155.000 (15.000) 200,000 (40.000) SADO Liabilities and Stockholders' Equity Accounts payable $ 47.730 $40,000 Bonds payable 200.000 300,000 Common stock. Sir 200,000 160.000 Retained camins 202.000 INOO Total 5709,730 5680000 Additional information: 1. Operating expenses include depreciation expense of $42.000 and charges from prepaid ex- penses of $5,720. 2. Land was sold for cash at book value 3. Cash dividends of $15.000 were paid. 4. Net income for 2010 was $37.000. 5. Equipment was purchased for $95.000 cash. In addition, equipment costing $22.000 with a book value of $10000 was sold for S60 cash 6. Bonds were converted at face value by issuing 40,000 shares of S1 par value common stock Instructions Prepare a statement of cash flows for the year ended December 31, 2010, using the indirect method. P17-12A Condensed financial data of Oprah Company appear below. Cash from orations SACS 000 -index Prepare a work method S05) OPRAH COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventories Investments Plant assets Accumulated depreciation 2010 $ 92,700 90.800 121,900 84,500 250,000 (49.500) $59.00 2009 $ 47.250 57.000 102.650 87.000 205.000 (40.000 $458.900 Liabilities and Stoholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $ 57,700 12.100 100.000 250 DOKO 170.600 $ 48 70 18,830 70,000 200.000 121.790 $$90.400 $438,900