(5)

* importnant *

Common Stock should be $3par

under "additional information" - 3. should be issued 1,000 shares (not 100 as listed)

Traynham Company runs a retail company and recently completed its third year of operations. The balance sheet and income statement follow: Purchased equipment by paying signing a long-term note for $8,000 and paying cash for the balance Paid cash as a payment on the long-term notes payable Issued 100 shares of common stock for cash Declared and paid cash dividends instructions: Prepare a statement of cash flows for 2014 using the indirect method