Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below: Pat Metheny Comparative Balance Sheet As of December 31, 2014 and 2013 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (Held-to-maturity) Accounts payable Accrued liabilities Bonds payable Capital stock Retained Earnings 2014 2013 1,800 1,100. 1,750 1,300 1,600 1,900 1,900 1,700 (1,200) (1,170) 1,300 1,470 Sales Cost of goods sold Gross Margin Pat Metheny Income Statement For the year ended December 31, 2014 Selling & admin Expenses Income from operations Gain on sale of investment 6,900 4.700 2,200 930 1,270 80 Income before tax 1,350 Income tax expense 540 Net income 810. Cash dividends 260 Income retained in business 550 $7,150 $6,300 1,200 800 200 250 1,400 1,650 1,900 1,700 2,450 1,900 $7,150 $6,300 Cash dividends 260 Income retained in business 550 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2014. Instructions: Prepare a statement of cash flows using the indirect method. Attach File Browse My Computer Browse Content Collection Browse Dropbox