No. 2:

Abbey INC.
Balance Sheet
Assets	Dec. 31, 2010	Jan. 1, 2010	Inc./Dec.
Equipment	$39,000	$22,000	$17,000 Inc.
Less: Accumulated depreciation	-17,000	$(11,000)	6,000 Inc.
Accounts receivable	91000	88,000	3,000 Inc.
Cash	45,000	13,000	32,000 Inc.
Total	$158,000	$112,000
Equity and Liabilities
Share capitalordinary	100000	$80,000	20,000 Inc.
Retained earnings	38,000	17,000	21,000 Inc.
Accounts payable	20,000	15,000	5,000 Inc.
Total	$158,000	$112,000

Net Income of $34000 was reported and Dividend of $13000 were paid in 2010. New Equipment was purchased and none was sold.

Requirement:

Prepare Statement of Cash Flow for the year 2010.