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following is selected financial information for boardwalk for the year ended decembe 643253

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.

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