Indirect Method MULDUR CORPORATION Comparative Balance Sheets 31- 2011 2010 Cash $15,169 Accounts receivable 25,205 $17,682 Incr (Decr) ($2,513) 22,308i $2,897 Investments 19,985 16,034 $3,951 Equipment 59,994 69,999 ($10,005) Accumulated depreciation -14,039 -10,089! ($3,950) Total $106,314 $115,934 ($9,620) $0 Accounts payable $14,574 $11,052 $3,522 Bonds payable 10,092 29,985 ($19,893) Common stock 50,018 44,980 $5,038 Retained earnings Total 31,630 $106,314 29,917 $1,713 $115,934 ($9,620) 1. Net Income was $18,322 2. Equipment which cost $10,005 and had accumulated depreciation of $1,196 was sold for $3,262. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Note: You have to calculate the gain/loss on disposal of equipment with info given. Note: You have to calculate depreciation expense using Ending less Beginning plus disposal of Eq. Note: You have to calculate dividends paid with given information. (Paid in Cash) Prepare Statement of Cash Flows with proper headings, titles and under-scoring