1.    E13-1 Laurent Company entered into this transaction during 2014.
(a) Issued CHF 50,000 worth of ordinary shares for cash.
(b) Purchased a machine for CHF30,000, providing a long-term note in exchange.
(c) Issued ordinary shares of CHF 200,000 on the conversion of the double bonds
value of CHF200,000.
(d) Declare and pay a cash dividend of CHF 18,000.
(e) Sell the long-term investment at a cost of CHF15,000 for cash of CHF15,000.
(f) Collect CHF16,000 from accounts receivable.
(g) Paid CHF 18,000 on accounts payable.
Analyze transactions and show whether each transaction generates cash flow
from operating activities, investing activities, financing activities, or non-cash investing
and funding activities.

2.   E13-8 The following is a comparison report on the financial position of the Scarf Company.

Additional information:1. Net income for 2014 is $ 103,000.2. Depreciation expense is $ 32,000.
3. A cash dividend of $ 45,000 is declared and paid.
4. The $ 50,000 bond payable has been redeemed for $ 50,000 in cash.
5. Common stock was issued for $ 42,000 in cash.
6. No equipment was sold during 2014.
7. The land sold for a book value of $ 27,000.
Instruction:
Prepare a 2014 cash flow statement using the indirect method.

Syal Company Comparative Statements of Financial Position December 31 Assets 2014 2013 Land $ 73,000 $100,000 Equipment Accumulated depreciation-equipment Inventory Accounts receivable 260,000 200,000 (66,000) 170,000 85,000 73,000 (34,000) 187,000 71,000 33,000 Cash $557,000 Total $595,000 Equity and Liabilities $216,000 Share capital-ordinary ($1 par) Retained earnings Bonds payable Accounts payable $174,000 194,000 136,000 150,000 35,000 200,000 47,000 Total $595,000 $557,000