Additional information:

1. net income for 2011 was $101,635.

2. Cash dividends of $35,484 were declared and paid

3. Bonds payable amounting to $58,400 were redeemed for cash $58,400

4. common stock was issued for $43,000 cash.

5. No equipment was sold during 2011, but land was sold at cost.

Complete the statement of cash flow for 2011 using the indirect method.

AE13-8 Here are comparative balance sheets for Taguchi Company. TAGUCHI COMPANY Comparative Balance Sheets December 31 2011 2010 Assets Cash Accounts receivable nventories Land Equipment Accumulated depreciation $73,075 85,821 169,789 72,820 258,087 65,411 5594,181 $20,114 74,753 186,323 100,347 198,549 30,507 5549,579 Total Liabilities and Stockholders' Equit Accounts payable Bonds payable Common stock ($1 par) Retained earnings $40,234 146,400 215,000 192,547 5594,181 46,383 204,800 172,000 126,396 5549,579 Total