Marks Corporation's Balance Sheet Appears Below: Net Income for the Year

question 30

Essay

Marks Corporation's balance sheet appears below: Net income for the year was $77.Cash dividends were $13.The company did not dispose of any property, plant, and equipment, retire any bonds payable, or repurchase any of its own common stock during the year.

Required:
Prepare a statement of cash flows in good form using the indirect method.

---

Definitions:

Rectus Femoris Muscle

A muscle of the anterior thigh that is part of the quadriceps group, involved in knee extension and hip flexion.

Proprioceptor

Sensory receptors found in muscles and tendons that provide information about body position and movement.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and is enclosed in and protected by the vertebral column.

Pupillary Reflex

An involuntary reflex adjustment of the pupil size in response to varying light intensities to control the amount of light entering the eye.