Exercise 12-1Putnam Corporation had these transactions during 2014. Analyze the
127
606)˙(21
956)˙631
000˙˙˙Earnings from operations˙57
˙˙˙˙˙2011˙2010˙˙CURRENT ASSETS:˙˙˙˙˙˙˙˙˙Cash and cash equivalents˙$78
212˙˙6
466 respectively
267˙˙522˙˙320˙˙˙˙˙˙˙˙˙˙Changes in operating assets and liabilities:˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙Accounts receivable˙(5