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Talbert Corp.'s balance sheet accounts as of December 31.20014 and 2015 and information relating to 2015 activities are presented below. Information relating to 2015 activities:
Talbert Corp.'s balance sheet accounts as of December 31.20014 and 2015 and information relating to 2015 activities are presented below. Information relating to 2015 activities: Net income for 2008 was $1, 500,000. Cash dividends of $600,000 were declared and paid in 2015. Equipment costing $1,000,000 and haying a carrying amount of $320,000 was sold in 2015 for $360,000. A long-term investment was sold in 2015 for $320,000. There were no other transactions affecting long-term investments in 2015. 20,000 shares of common stock were issued in 2015 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/16. Prepare the Statement of Cash Flows (in good form) for Talbert Corp. for the current fiscal year end
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