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a. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash

a. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required.

Tru-Built Construction Inc.

Statement of Cash Flows

For the Year Ended December 31, 2014

Cash flows from operating activities:

$

Adjustments to reconcile net income to net cash flow from operating activities:

Changes in current operating assets and liabilities:

Net cash flow from operating activities

$

Cash flows from investing activities:

$

Net cash flow provided by investing activities

Cash flows from financing activities:

$

Net cash flow provided by financing activities

$

Cash at the beginning of the year

Cash at the end of the year

Statement of Cash FlowsIndirect Method

The comparative balance sheet of Tru-Built Construction Inc. for December 31, 2014 and 2013, is as follows:

Dec. 31, 2014 Dec. 31, 2013
Assets
Cash $122 $38
Accounts receivable (net) 69 48
Inventories 44 26
Land 99 109
Equipment 56 42
Accumulated depreciation-equipment (15) (8)
Total $375 $255
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors) $47 $38
Dividends payable 8 -
Common stock, $10 par 25 12
Paid-in capital in excess of par-common stock 64 30
Retained earnings 231 175
Total $375 $255

The following additional information is taken from the records:

Land was sold for $25.

Equipment was acquired for cash.

There were no disposals of equipment during the year.

The common stock was issued for cash.

There was a $81 credit to Retained Earnings for net income.

There was a $25 debit to Retained Earnings for cash dividends declared.

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