Sondergaard Corporation

Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation for the last two years at December 31. 2012 2011 Cash $209,909 $104,286 Accounts receivable 240,660 247,345 Investments 69,524 98,938 Equipment 398,426 320,880 Less: Accumulated depreciation—equipment (141,722 ) (118,993 ) Current liabilities 179,158 201,887 Capital stock 213,920 213,920 Retained earnings 383,719 236,649 Additional information:Investments were sold at a loss (not extraordinary) of $9,359; no equipment was sold; cash dividends paid were $66,850; and net income was $213,920.(a) Prepare a statement of cash flows for 2012 for Sondergaard Corporation. (Show amounts that decrease cash flow with either a – sign e.g. -15,000 or in parenthesis e.g. (15,000).)