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Exercise 5-14 The comparative balance sheets of Connecticut Inc. at the beginning and the end of the year 2012 appear on the next page. 31, 2012...

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The comparative balance sheets of Connecticut Inc. at the beginning and the end of the year 2012 appear on the next page. CONNECTICUT INC. BALANCE SHEETS Jan. 1, 2012 Inc./Dec. Assets Cash $48,340 $14,220 $34,120 95,560 89,220 6,340 43,560 23,220 20,340 (18,220 ) (12,220 ) 6,000 $169,240 $114,440 $24,560 $16,220 $8,340 103,340 81,220 22,120 41,340 17,000 24,340 $169,240 $114,440 Adjustments to reconcile Net Income to Exercise 5-14 Dec. 31, 2012 Inc. Accounts receivable Inc. Equipmen t Inc. Less: Accumula ted depreciati on— equipmen t Inc. Total Liabilities and Stockhold ers’ Equity Accounts payable Inc. Common stock Inc. Retained earnings Inc. Total Net income of $38,560 was reported, and dividends of $14,220 were paid in 2012. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2012. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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Cash flow.xlsx

Exercise
5-14
The comparative balance sheets of Connecticut Inc. at the beginning and the end of the year 2012 appear on the next page.
CONNECTICUT INC.
BALANCE SHEETS
Dec. 31, 2012
Assets
Cash...

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