Condensed financial data of Fairchild Company for 2012 and 2011 are presented below. FAIRCHILD COMPANY
COMPARATIVE BALANCE SHEET
AS OF DECEMBER 31 2012 AND 2011 2012 2011 $1792 $1110 1744 1295 1589 1920 1906 1702 (1200 ) (1170 ) 1302 1476 $7133 $6333 $1215 $793 208 233 1405 1638 1892 1710 2413 1959 $7133 $6333
FAIRCHILD COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31 2012 $6804 4703 2101 934 1167 96 1263 541 $722
Additional information: During the year $75 of common stock was issued in exchange for plant assets. No plant assets were sold in 2012. Cash dividends were $268. Prepare a statement of cash flows using the indirect method.