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Question
Table 3-3Marlett Company
Financial Information
| December 2009 | December 2010 | |
| Net Income | $2,000 | $4,000 |
| Accounts receivable | 750 | 1,250 |
| Accumulated depreciation | 1,000 | 1,400 |
| Common stock | 4,500 | 5500 |
| Paid-in capital | 7,500 | 8500 |
| Retained earnings | 1,500 | 3,500 |
| Accounts payable | 750 | 950 |
Based on the information in Table 3-3, prepare a statement of cash flows for 2010. Assume that there were no changes in any other asset or liability accounts, and that the ending cash balance for 2009 was $100.
Answer
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