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The T-accounts for Equipment and the related Accumulated DepreciationEquip. for Coldsmith Company at the end of 2014 are shown here. Equipment Beg. bal. 85,120 Disposals Acquisitions 44,262 End. bal. 23,408 105,974 Accum. Depr.Equip. Disposals 5,426 Beg. bal. 47,348 Depr. exp. 12,768 End. bal. 54,690 In addition, Coldsmith Company's income statement reported a loss on the disposal of plant assets of $3,724. What amount was reported on the statement of cash flows as \"cash flow from sale of equipment\"? Cash flow from sale of equipment $ Flowers Corporation reported net cash provided by operating activities of $484,580, net cash used by investing activities of $327,170, and net cash provided by financing activities of $74,050. In addition, cash spent for capital assets during the period was $226,990. Average current liabilities were $173,450, and average total liabilities were $211,540. No dividends were paid. Calculate these values: (Round ratios to 1 decimal place, e.g. 2.5.) (a) Free cash flow $ (b) Current cash debt coverage times (c) Cash debt coverage times Presented below are the financial statements of Kurtzel Company. KURTZEL COMPANY Comparative Balance Sheets December 31 Assets 2014 Cash $ 73,815 Accounts receivable 42,180 Inventory 59,052 Property, plant, and equipment 126,540 Accumulated depreciation (67,488 ) Total Liabilities and Stockholders' Equity Accounts payable 2013 $ 42,180 29,526 42,180 164,502 (50,616 ) $234,099 $227,772 $ 40,071 $ 31,635 Income taxes payable Bonds payable Common stock Retained earnings 16,872 69,597 29,526 80,142 $234,099 Total 14,763 35,853 37,962 105,450 $227,772 KURTZEL COMPANY Income Statement For the Year Ended December 31, 2014 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $510,378 369,075 141,303 $37,962 12,654 50,616 90,687 6,327 84,360 16,872 $ 67,488 Additional data: 1. Depreciation expense was $36,907. 2. Dividends declared and paid were $42,180. 3. During the year equipment was sold for $17,927 cash. This equipment cost $37,962 originally and had accumulated depreciation of $20,035 at the time of sale. (a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) KURTZEL COMPANY Statement of Cash Flows For the Year Ended December 31, 2014 $ Adjustments to reconcile net income to $ $ Here are the comparative income statements of Eudaley Corporation. EUDALEY CORPORATION Comparative Income Statement For the Years Ended December 31 2014 $632,310 447,860 2013 $534,010 390,460 184,450 74,510 143,550 41,280 $ 109,940 Net sales Cost of goods sold $ 102,270 Gross Profit Operating expenses Net income Don't show me this message again for the assignment (a) Prepare a horizontal analysis of the income statement data for Eudaley Corporation, using 2013 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) EUDALEY CORPORATION Comparative Income Statement For the Years Ended December 31 Increase or (Decrease) During 2014 2014 Net sales 2013 Amount $ Percentage $632,310 $534,010 Cost of goods sold 447,860 390,460 % Gross Profit 184,450 143,550 % 74,510 41,280 % $ 109,940 $ 102,270 Operating expenses Net income $ %