Problem 1 (statement of cash Flow)
The information shown below is taken from the accounts of the Robinson Corporation for the year ended December 31, 2011
Net income-------------------------------------------------------------------$209,000
Amortization of intangible (franchise)--------------------------------- $12,000
Proceeds form issurance of common stock------------------------- $103,000
Increase in inventory-------------------------------------------------------$ 18,000
Sale of Building at a $10,000 gain--------------------------------------$ 85,000
Increase in accounts payable--------------------------------------------$ 15,000
Purchase of computer equipment--------------------------------------$125,000
Payment of cash dividends-----------------------------------------------$ 24,000
Depreciation expense------------------------------------------------------$ 35,000
increase in accounts receivable-----------------------------------------$ 23,000
Payment of mortgage------------------------------------------------------$ 52,000
Decrease in short-term notes payable---------------------------------$ 8,000
Sale of land at a $5,000 loss--------------------------------------------$ 26,000
Purchase of delivery truck------------------------------------------------$ 33,000
Cash at beginning of year------------------------------------------------$173,000
Create a statement of cash flows for Robinson Corporation for the year ended December 31, 2011.
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