Amelia Enterprises, Inc.

Statement of Cash Flows

For the Year Ended December 31, 2014

Cash flows from operating activities: Net Income 156060 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 36640 Changes in current operating assets and liabilities: Decrease in accounts receivable 7220 Increase in marchandise inventory -9800 Increase in prepaid expenses -1770 Increase in accounts payable 5770 Net cash flow from operating activities ??? Cash flows from investing activities: Cash paid for equipment -71800 Net cash flow used for investing activities -71800 Cash flows from financing activities: ??? ??? ??? ??? ??? ??? ??? Net cash flow used in financing activities -136690 Decrease in cash -14370 Cash at beginning of the year 78790 Cash at end of the year 64420

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Statement of Cash FlowsIndirect Method

The comparative balance sheet of Amelia Enterprises, Inc. at December 31, 2014 and 2013, is as follows:

		Dec. 31, 2014		Dec. 31, 2013
Assets
Cash		$64,420		$78,790
Accounts receivable (net)		98,990		106,210
Merchandise inventory		141,430		131,630
Prepaid expenses		5,760		3,990
Equipment		288,080		235,860
Accumulated depreciation-equipment		(74,900)		(57,840)
	Total	$523,780		$498,640
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$109,990		$104,220
Mortgage note payable		0		149,590
Common stock, $1 par		16,000		10,000
Paid-in capital in excess of par-common stock		243,000		141,000
Retained earnings		154,790		93,830
	Total	$523,780		$498,640

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2014 are as follows:

Net income, $156,060.

Depreciation reported on the income statement, $36,640.

Equipment was purchased at a cost of $71,800, and fully depreciated equipment costing $19,580 was discarded, with no salvage realized.

The mortgage note payable was not due until 2016, but the terms permitted earlier payment without penalty.

6,000 shares of common stock were issued at $18 for cash.

Cash dividends declared and paid, $95,100.