WILSON CORPORATION A MERCHANDISER RECENTLY COMPLETED Exercise $2$

Wilson Corporation, a merchandiser, recently completed its calendar$-$year $2011$

operations. The company's Statements of Financial Position and Income statement

are given below.

Wilson Corporation

Statements of Financial Position as at December $31,2011$

Extra Info:

The company sold equipment originally costing $$46,500,$ with accumulated

depreciation of $$29,375,$ for $$11,500$ cash.

The company purchased equipment costing $$97,500$ by paying $$25,000$ cash and

signing a long$-$term note payable for the balance

The company issued $2,350$ shares for $$20$ per share $=47,000$

The company declared and paid cash dividends of $$59,000$

Required: Prepare the company's Statement of Cash Flows using the Indirect

Method