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WILSON CORPORATION A MERCHANDISER RECENTLY COMPLETED Exercise 2 Wilson Corporation, a merchandiser, recently...

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Accounting

WILSON CORPORATION A MERCHANDISER RECENTLY COMPLETED Exercise 2
Wilson Corporation, a merchandiser, recently completed its calendar-year 2011
operations. The company's Statements of Financial Position and Income statement
are given below.
Wilson Corporation
Statements of Financial Position as at December 31,2011
Extra Info:
The company sold equipment originally costing $46,500, with accumulated
depreciation of $29,375, for $11,500 cash.
The company purchased equipment costing $97,500 by paying $25,000 cash and
signing a long-term note payable for the balance
The company issued 2,350 shares for $20 per share =47,000
The company declared and paid cash dividends of $59,000
Required: Prepare the company's Statement of Cash Flows using the Indirect
Method
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