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Cassandra Corporations comparative balance sheets are presented below. CASSANDRA CORPORATION Comparative Balance Sheets December 31 2014 2013 Cash $16,780 $17,480 Accounts receivable 25,240 22,200 Investments

Cassandra Corporations comparative balance sheets are presented below.

CASSANDRA CORPORATION Comparative Balance Sheets December 31

2014

2013

Cash

$16,780

$17,480

Accounts receivable

25,240

22,200

Investments

19,960

16,230

Equipment

59,920

69,870

Accumulated depreciationequipment

(13,910

)

(10,370

)

Total

$107,990

$115,410

Accounts payable

$14,360

$11,250

Bonds payable

10,020

30,030

Common stock

50,270

44,630

Retained earnings

33,340

29,500

Total

$107,990

$115,410

Additional information:

1. Net income was $18,590. Dividends declared and paid were $14,750.
2. Equipment which cost $9,950 and had accumulated depreciation of $1,850 was sold for $3,600.
3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.

(a) Prepare a statement of cash flows for 2014 using the indirect method

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