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    Calculate Penguin's Cash Flow: Financing & Investing Activities

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    Calculate Penguin's cash flow from financing & Investing activities

    Penguin's
    Comparative Balance Sheets
    December 31, 2009

    Assets 12/31/2009 12/31/2008
    Cash $8,000 $6,000
    Accounts Receivable $2,000 $1,000
    Inventory $2,000 $3,000
    Investments $4,000 $2,000
    Property, Plant and Equipment $17,000 $15,000
    Accumulated Depreciation $(6,000) $(4,000)

    Total Assets $27,000 $23,000

    Liabilities &
    Stockholders' Equity
    Accounts Payable $7,000 $5,000
    Notes Payable $1,000 $7,000
    Common Stock $3,000 $2,000
    Retained Earnings $16,000 $9,000

    Total Liabilities &
    Stockholders' Equity $27,000 $23,000

    The change in retained earnings was due to net income of $10,000 and payment of $3,000 in dividends.

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    Solution Summary

    This solution assists with calculating Penguin's cash flow.

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