B B P5-6B (Preparation of a Statement of Cash Flows and a Balance Sheet} Maroon Six Inc. had the balance D sheet shown below at December 31, 2013. MAROON SIX INC. BALANCE SHEEI' DECEMBER 31 , 2013 Cash $ 31.000 Accounts payable $ 61,000 Accounts receivable 56800 Notes payable (longterm} ?6,000 Investments 66,000 Common stock 200,000 Plant assets {net} 138,500 Retained earnings 41,300 Land 66,000 m $316300 = During 2014, the following occurred. 1. P 951?\" Maroon Six Inc. sold part of its investment portfolio for $20,000. This transaction resulted in a loss of $2,100 for the firm. The company classies its investments as available-for-sale. A tract of land was purchased for $25,000 cash. . Long-term notes payable in the amount of $30,000 were retired before maturity by paying $30,000 cash. An additional $43,000 in common stock was issued at par. Dividends of $20,000 were declared and paid to stockholders. Net income for 2014 was $21,000 after allowing for depreciation of $16,000. Land was purchased through the issuance of $61,000 in notes payable. At December 31, 2014, Cash was $46,100, Accounts Receivable was $61,800, and Accounts Payable remained at $61,000. Instructions (3) Prepare a statement of cash ows for 2014. (1')) Prepare an unclassified balance sheet as it would appear at December 31, 2014. (c) How might the statement of cash ows help the user of the nancial statements? Compute two cash flow ratios