13. Avatar Company uses the indirect method to prepare the statement of cash flows. Please refer to the following income statement: Sales revenue Interest revenue Gain on sale of plant assets $240,000 1,000 4,000 $245,000 Total revenues and gains Cost of goods sold Salary expense Depreciation expense Other operating expenses Interest expense Income tax expense 110,000 45,000 12,000 23,000 1,000 5,000 Total expenses Net income/(loss) $196,000 $49,000 Other information provided: Current assets other than cash increase by $24,000. Current liabilities decrease by $1,000. Please prepare the operating activities section of the statement of cash flows using the indirect method. 14. Anglin Corporation has excess cash to invest and pays $200,000 to buy 7%, five-year bonds of Richmond Corporation, at face value, on June 30, 2016. The bonds pay interest on June 30 and December 31. Anglin intends to hold the bonds to maturity. The bonds are disposed of, at face value, on June 30, 2021. Prepare the journal entry for June 30, 2016 (omit the explanation). 15. Sinopia Corporation reported trading investments at fair value of $186,000 on December 31, 2016. There is a decrease of $5,200 in the fair value of the trading investments by the end of the year 2017. Prepare the journal entry for the year end