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Comparative balance sheet accounts of Sharpe Company are presented below. Additional data: 1. Equipment that cost $10000 and was 60% depreciated was sold in 2014.
Comparative balance sheet accounts of Sharpe Company are presented below. Additional data: 1. Equipment that cost $10000 and was 60% depreciated was sold in 2014. 2. Cash dividends were declared and paid during the year. 3 Common stock was issued in exchange for land. 4. Investments that cost $35,000 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year. Sharpe's 2014 income statement is as follows. Prepare a statement of cash flows using the indirect method
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