1. Following is selected financial information for Boardwalk for the year ended December 31, 2011.
|
B. Walk, Capital, Dec. 31, 2011 |
$15,000 |
B. Walk,Withdrawals |
$2,000 |
|
Net income |
9,000 |
B. Walk, Capital, Dec. 31, 2010 |
8,000 |
Required
Prepare the 2011 statement of owner’s equity for Boardwalk.
2. Following is selected financial information of Trimark for the year ended December 31, 2011.
|
Cash used by investing activities |
$(3,000) |
|
Net increase in cash |
200 |
|
Cash used by financing activities |
(3,800) |
|
Cash from operating activities |
7,000 |
|
Cash, December 31, 2010 |
3,300 |
Required
Prepare the 2011 statement of cash flows for Trimark Company.