Presented below are selected financial statement items for Preacher Corporation for December 31, 2014.

Instructions
(a) Determine which items should be included in a statement of cash flows, and then prepare the statement for Preacher Corporation.
(b) Comment on the adequacy of net cash provided by operating activities to fund the company’s investing activities and dividendpayments.

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Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period S 55,000 Cash paid to purchase equipment $ 20,000 40,000 200,000 20,000 Cash received from customes 162,000 154,000 Equipment 400.000 etiCe revente Cash received from issuing 2,000 11,000 bonds payable 40,000