dec 31, 2010; Jan 1,2010; Inc, 2010

cash 45,000; 13,000; 32,000;

acc receivable 91,000; 88,000; 3,000

equipment 39,000; 22,000; 17,000

less: acc depreciation (17,000) (11,000) 6,000

total 158,000; 112,000

liabilities and stockholders equity

account payable 20,000; 15,000; 5,000

Common stock 100,000; 80,000; 20,000

retained earnings 38,000; 17,000; 21,000

total 158,000; 112,000

net income of 34,000 was reported, and dividents of 13,000 were paid in 2010. New equiiment purchased and none was sold.

prepare a statement of cash flows for the year 2010.

CONNECTICUT INC BALANCE SETS Assets 45.000 Account 17.000 Les Acould depreciation L a nd Stockholders' Equity Accounts payable 520.000 $15.000 5.000 in 20.000 in 21.000 in Petained rings $14000 paid in 2010 New quien Net income of 534,000 was reported and dividends of $13,000 was purchased and one was sold Instructions Prepare a statement of cash flows for the year 2010