Statement of Cash Flows

Additional information: (1) There was no gain or loss on the sales of the long-term investments, nor on the bonds retired. (2) Old machinery with an original cost of $45,060 was sold for $2,520 cash. (3) New machinery was purchased for $81,060 cash. (4) Cash dividends were paid out of retained earnings. (5) Additional shares of stock were issued for cash. Prepare a complete statement of cash flows for calendar-year 2011 using the indirect method.

Eldridge Company Balance Sheets At December 31 Assets Cash Accounts receivable Merchandise inventory. Long-term investments Machinery Accumulated depreciation Total assets Liabilities: Accounts payable Income taxes payable Bonds payable Total liabilities Equity Common stock Contributed capital in excess of par Retained earnings equity Total liabilities and equity 2011 2010 29,568 27,648 38.616 35.280 87,750 74,052 67,080 67,680 210,600 174.600 0,260) 37,44 393,354 341,820 78,000 48,456 12,870 12,240 58,500 79,200 $149,370 $139,896 140,400 115,200 15,600 10,800 87,98 75,924 $243,984 $201,924 393,354 341,820