Below Is a Condensed Version of the Comparative Balance Sheets

question 50

Essay

Below is a condensed version of the comparative balance sheets for Stiller Corporation for 2011 and 2012:
$\begin{array}{l|l|l|}\hline&2012 &20111\\\hline \text { Cash } &\$ 157,000&\$78,000 \\\hline \text { Accounts Receivable } & 180,000 &185,000 \\\hline \text { Investments } &52,000 &74,000 \\\hline \text { Equipment } &298,000 &240,000 \\\hline \text { Less Accumulated depreciation } &(106,000)&(89,000) \\\hline \text { Curent liabilities } &134,000&151,000 \\\hline \text { CommonStock } &160,000&160,000 \\\hline \text { RetainedEarnings } &287,000&177,000 \\\hline\end{array}$

Additional information:
Investments were sold at a loss (not extraordinary) of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000.
Required:
(a) Prepare a statement of cash flows for 2012 for Stiller Corporation.
(b) Calculate the company's free cash flow.

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Definitions:

Common Fibular Nerve

A branch of the sciatic nerve that supplies muscles of the lower leg and foot, and provides sensation to the skin of the foot and lower leg.

Hindlimb

The rear limb of a tetrapod or the legs in bipedal animals.

Sciatic Nerve

The largest and longest nerve in the human body, extending from the lower back through the buttocks and down each leg, responsible for movement and sensation.

Median Nerve

The median nerve is one of the major nerves of the upper limb, running down the arm and forearm, and into the hand, responsible for both sensory and motor functions.