Brice Corporation reported the following information:

REQUIRED:

a. Preparethe operating activities section of a cash flow statement, in good form, for Brice Company for the year ended December 31, 2014. Use the indirect method.

b. Preparethe operating activities section of a cash flow statement, in good form, for Brice Company for the year ended December 31, 2014. Use the direct method

14. Use the following information to prepare a statement of cash flows for Stable Equipment Company for the year ended December 31, 2014 if using the indirect method: Net income for the year 2014 was $5,000. Accounts receivable decreased $2,000, while inventories increased $4,000, and accounts payable decreased $7,000. Depreciation expense included in net income was $8,000. During the year, a piece of land held for future expansion was sold for its book value of $8,000 and a new service truck was purchased for $14,000. The company borrowed $18,000 on a two-year note from the bank. Dividends of $6,000 were paid in cash. Preferred stock was issued to retire $7,000 of long-term notes payable. The beginning cash balance was $22,000 and the ending balance was $32,000.