13-28 (Part Level Submission) Kate Petusky prepared Addison Controls balance sheet and income statement for 2013. Before she could complete the statement of cash flows, she had to leave town to attend to a family emergency. Because the full set of statements must be provided to the auditors today, Addisons president, Lance Meyers, has asked you to prepare the statement of cash flows. Meyers has provided you with the balance sheet and income statement that Petusky prepared, as well as some notes she made: Addison Controls Income Statement For the Year Ended December 31, 2013 Sales revenue $127,990 Cost of goods sold 69,800 Gross margin 58,190 Selling expense 13,070 Administrative expense 8,100 Salaries expense 20,010 Depreciation expense 1,990 Interest expense 4,040 47,210 Income before gain and taxes 10,980 Gain on sale of land 1,000 Income tax expense 900 Net income $11,080 Addison Controls Comparative Balance Sheets As of December 31 2013 2012 Cash $5,180 $4,340 Accounts receivable, net 6,320 5,550 Inventory 31,800 34,250 Total current assets 43,300 44,140 Property, plant, & equipment, net 211,530 215,310 Total assets $254,830 $259,450 Accounts payable $3,490 $5,980 Accrued expenses 640 760 Salaries payable 1,900 1,570 Taxes payable 2,100 2,700 Bonds payable 60,080 50,010 Total liabilities 68,210 61,020 Common stock 125,060 125,060 Retained earnings 61,560 73,370 Total stockholders equity 186,620 198,430 Total liabilities & stockholders' equity $254,830 $259,450 Equipment with an original cost of $35,040 was sold for $20,310. The book value of the equipment was $19,310. On June 1, 2013, the company purchased new equipment for cash at a cost of $17,520. At the end of the year, the company issued bonds payable for $10,070 cash. The bonds will mature on December 31, 2017. The company paid $22,890 in cash dividends for the year. A) Calculate the following amounts: a. Collections from customers b. Payments to suppliers c. Payments to employees d. Payments for operating expenses e. Payments for income taxes Sale of equipment F)Purchase of equipment G) Net cash provided (used) by investing activities Issue bonds H) Cash dividends on common stock I) Net cash provided (used) by financing activities J)Change in cash K)Cash, beginning balance L) Cash, ending balance