Learning Activity # 2 In preparing the balance sheets, remember that shareholders equity is the residual. With this in mind, Maras balance sheets are as follow: You are required to prepare cash flow statements:

Learning Activity #2 In preparing the balance sheets, remember that shareholders' equity is the residual. With this in mind, Mara's balance sheets are as follow: You are required to prepare cash flow statements: 2008 Current assets Net fixed assets 2008 $2,205 7.344 MARA CORPORATION 2008 and 2000 Balance Sheets 2009 $ 2,420 Current liabilities 7,650 Long-term debt Equity Total liabilities and $10,079 shareholders' equity $1,000 3.100 5.440 2009 $ 1.255 2.085 Totalets 39,519 $9,500 $10.079 MARA CORPORATION 2009 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net Income Dividends 5250 Addition to retained earnings 222 54,507 2,333 952 5922 190 $ 726 254 5472