Inc. Dec Jan 1, 2010 CONNECTICUT INC. BALANCE SHEETS Dec 31, 2010 $ 45,000 91.000 39.000 (17.000 $158,000 32,000 Inc 3.000 Inc 17,000 Inc 6.000 Inc Assets Cash Accounts receivable Equipment Less: Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total 22.000 11.00 $112.000 15.000 $ 20.000 100.000 38.000 $158,000 5,000 Inc 20,000 Inc 21,000 Inc 17,000 $112.000 Net income of $34,000 was reported, and dividends of $13,000 were paid in 2010. New equipment purchased and none was sold. tructions pare a statement of cash flows for the year 2010