Boatwig, Corp.
	Balance Sheet
	December 31, 2013 and December 31, 2014
	2013	Dr.	Cr.	2014
Assets
Cash	$19,000			$71,000
Accounts Receivable	66,000			84,000
Inventory	185,000			184,000
Land	113,000			67,000
Equipment	195,000			256,000
Accummulated Depreciation	(42,000)			(69,000)
Total	$536,000			$593,000
Liabilities and Stockholders' Equity
Accounts Payable	$44,000			$36,000
Bonds Payable	198,000			143,000
Common Stock	167,000			222,000
Retained Earnings	127,000			192,000
Total	$536,000	-	-	$593,000
Additional Information:
1. Net income for 2014	$125,000
2. No gains or losses were recorded in 2014
3. Cash dividends declared and paid	$60,000
4. Bonds payable retired by issuing common stock	$55,000
In the space below, prepare a Statement of Cash Flows for the year ended December 31, 2014:
Use the worksheet (above) to aid your work if you like. I will grade the resulting cash flow statement (below) only.