1 Balance Sheet accounts for The Alabaster Argyle Company contained the following & amounts at the end 2014 and 2013; prepare a Statement of Cash Flow. 2014 2013 Assets: Cash Accounts Receivable Inventory Prepaid Expenses Long-term Inve (decr $2,000) Property, Plant and Equipment Accumulated Deprecation Total Assets 20,000 27,000 32,000 8,000 36,000 108,000 (49,000) 182,000 15,000 Not used until 25,000 Current Assets 35,000 Current Assets 5,000 Current Assets 38,000 Long-Term Liab 92,000 Long-Term Liab (30,000) Assumption Dej 180,000 30,000 17,000 40,000 87,000 38,000 Current liabilitie 35,000 Current liabilitie 32,000 Long-Term Liab 105,000 Liabilities: Accounts Payable Income Taxes Payable Bonds Payable Total Liabilities Stockholders' Equity: Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equit: 45,000 50,000 95,000 182,000 40,000 Equity - Financ 35,000 Net Income & [ 75,000 180,000 Additional information: Net Income for Alabaster Argyle is $30,000 Net Income b. Gain on sale of long-term investments is $2,000 and cash received is $4,000 a. Required: Prepare a statement of Cash Flows for Alabaster Argyle ending December Retained Earnir 35,000 Page 1 of 1