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No. 3: A Comparative Statement of Financial Position for Vivaldi Corporation is given below; Dec-31 Assets 2010 2009 Land $71,000 $110,000 Equipment 270,000 200,000 Accumulated

No. 3:

A Comparative Statement of Financial Position for Vivaldi Corporation is given below;

Dec-31

Assets

2010

2009

Land

$71,000

$110,000

Equipment

270,000

200,000

Accumulated depreciationequipment

-69,000

-42,000

Inventories

180,000

189,000

Accounts receivable

82000

66,000

Cash

63,000

22,000

Total

$597,000

$545,000

Equity and Liabilities

Share capitalordinary ($1 par)

$214,000

$164,000

Retained earnings

199,000

134,000

Bonds payable

150,000

200,000

Accounts payable

34,000

47000

Total

$597,000

$545,000

Additional Information

  1. Net Income for 2010 was $105000
  2. Cash Dividend of $40000 were declared and paid
  3. Bonds payable amounting to $50000 were retired.

Requirement:

Prepare Statement of Cash Flow for the year 2010.

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