Comparative balance sheets as at December 2013 and 2014 for Chatowers Ltd are shown below

Chartowers Ltd

Balance sheet as at 31 Dec 2013 and 2014

Assets

2014

2013

Cash

$4,835.00

$3,554.00

Accounts Receivable

$11,372.00

$8,529.00

Inventory

$22,034.00

$15,637.00

Prepaid Expenses

$1,421.00

$2,132.00

Property, Plant and Equipment

$63,972.00

$49,755.00

lessAccumulated Depreciation

$ (18,480.00)

$ (14,215.00)

Total Assets

$85,154.00

$65,392.00

Liabilities and Equity

Accounts Payable

$7,108.00

$10,490.00

Debentures

$12,794.00

Paid-up Capital (ordinary shares, par value $1)

$35,000.00

$35,000.00

Retained earnings

$30,252.00

$19,902.00

Total Liabilities and Equity

$85,154.00

$65,392.00

Sales for 2014 were $180000 and Profit after tax was $16350. Cost of sales was $136456. Dividends of $6000 were declared and paid during the year. Interest earned and received was $2340, and interest incurred and paid was $1654. Tax expense for the period was $3000 and this was paid in the period. Other expenses (including depreciation) were $24880. PPE were purchased for cash.

Prepare Statement of Cash Flows