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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,...

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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