Question - Faber Inc. reported the following items.
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2011
|
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Net cash flows from operating activities
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511,614
|
|
Net sales
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6,145,559
|
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Stockholders' equity
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1,846,717
|
|
Net cash flows from financing activities
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(412,633)
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Total assets
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4,806,892
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Cash, ending year
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2,637,480
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Expenses
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5,557,612
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Noncash assets
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2,169,412
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Net cash flows from investing activities
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(177,919)
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Net income
|
587,947
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Cash, beginning year
|
2,716,418
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a. Prepare the balance sheet for Faber Inc. for December 31, 2011.
b. Prepare the income statement for Faber Inc. for the year ended December 31, 2011.
c. Prepare the statement of cash flows for Faber Inc. for the year ended December 31, 2011.