The Following Information for Wilbur Company Is Available at December

question 2

Essay

The following information for Wilbur Company is available at December 31, 2011, and for the year then ending:

The following information is available for specific accounts and transactions:
1. On February 2, 2011, Wilbur issued a 10 percent stock dividend to shareholders of record on January 15, 2011. Market price per share of the common stock on February 2, 2011, was $15.
2. On March 1, 2011, Wilbur issued 3,800 shares of common stock for land. The common stock had a current market value of approximately $40,000 on March 1, 2011.
3. On April 15, 2011, Wilbur repurchased its long-term bonds payable with a face value of $50,000 for cash.
4. On June 30, 2011, Wilbur sold for $19,000 cash equipment having a book value of $23,000 and an original cost of $53,000.
5. On September 30, 2011, Wilbur declared and paid a 4 cent per share cash dividend to shareholders of record on August 1, 2011.
6. On October 1, 2011, Wilbur purchased land for $85,000 cash.
Required:
Prepare a statement of cash flows for Wilbur Company for the year ending December 31, 2011, using the indirect method.

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Definitions:

High Cholesterol

A condition characterized by elevated levels of cholesterol in the blood, which can increase the risk of developing cardiovascular diseases.

Heart Attack

A medical condition that occurs when the flow of oxygen-rich blood to a section of heart muscle is blocked, which can damage or destroy the heart muscle.

Cardiovascular Death

Mortality resulting from heart conditions or diseases of the blood vessels, including heart attacks and stroke.

Ethnic Group

A community or population made up of people who share a common cultural background or descent, including language, religion, and traditional practices.