From the following income statement (Figure 21.12), balance sheet (Figure 21.13), and additional data for Dent Company, prepare a statement of cash flows using the indirect method.
Additional Data
1. All Plant and Equipment were purchased with cash.
2. Sold additional 4,000 shares of stock for cash at par.
3. A $1,400 dividend was declared and paid.
4. Short-term notes used to finance inventory.
Figure 21.12

Figure 21.13

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DENT COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2014 2 Sales Cost of Goods Sold Gross Profit 96 20 000 693000o 2690 ooo Operating Expenses Rent Expense Depreciation Expense Salary Expense Miscellaneous Expense 72 000o 700000 6400 00 15000 23 75 00o $315 000 Total Operating Expenses 2 Net Income DENT COMPANY BALANCE SHEET DECEMBER 31, 2014 Assets 2014 2013 Current Assets Cash Accounts Receivable, Net Merchandise Inventory Prepaid Rent $3700 00 24 00 00 42 00 00 2 2 00 00 120000 $126 0000 $1000000 55000 23 00 00 1100 00 Total Current Assets Plant and Equipment Store Equipment Accum. Dep., Store Equipment $573 0000 $5000000 (15 50000(85o o 00 $418 0000 $4150000 $544 0000 $5150000 Total Plant and Equipment Total Assets Liabilities Current Liabilities Notes Payable-Short Term Accounts Payable $68 0000 42 0000 $110 0000 500000 48 50 00 985000 Total Current Liabilities Long-Term Liabilities Bonds Payable $150 0000 $1900000 $260 0000 $288 5000 Total Liabilities Stockholders' Equity Common Stock, $1 par Retained Earnings $250 0000 $2100000 3400 00 Total Stockholders' Equity Total Liabilities and Stockholders' Equity