Additional information:

1. New plant assets costing $91,470 were purchased for cash during the year.

2. investment were sold at cost

3. plant assets costing $46,970 were sold for $15,183, resulting in gain of $9,425.

4. A cash dividend of $76,762 was declared and paid during the year.

prepare a worksheet for the statement of cash flows using the indirect method.

enter the reconciling items directly in the worksheet columns.

AP13-12A Condensed financial data of Oprah Company appear below. OPRAH COMPANY Comparative Balance Sheets December 31 2010 Assets Cash Accounts receivable Inventories Investments Plant assets Accumulated depreci 2011 $93,169 90,942 122,175 84,350 250,000 49.146 5591,490 $47,074 57,155 102,937 86,822 205,500 40,164 5459,324 ation Total Liabilities and Stockholders Equit Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $ 57,434 12,140 99,970 245,500 176,446 $591,490 $ 48,637 18,782 69,640 200,800 121,465 5459,324 Total OPRAH COMPANY Income Statement For the Year Ended December 31, 2011 Sales Gain on sale of plant assets 297,772 $9,425 $307,197 Less: Cost of goods sold Operating expenses (excl. deprec. expense) Depreciation expense Income taxes Interest expense Net income $99,561 14,707 50,194 7,385 2.532 174,379 131.743