Exercise 12-1Putnam Corporation had these transactions during 2014. Analyze the

net of tax of $15

127

606)ÿ(21

ÿ(190

956)ÿ631

sÿ?ÿÿ?ÿÿ14

000ÿÿÿEarnings from operationsÿ57

(in thousands except per share data)ÿAssetsÿDecember 31

ÿÿÿÿÿ2011ÿ2010ÿÿCURRENT ASSETS:ÿÿÿÿÿÿÿÿÿCash and cash equivalentsÿ$78

pensesÿ3

212ÿÿ6

20

466 respectively

ecurity premiumsÿ1

267ÿÿ522ÿÿ320ÿÿÿÿÿÿÿÿÿÿChanges in operating assets and liabilities:ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿAccounts receivableÿ(5