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Exercise 13-12 The following items were gathered from Daniels Distributing's general ledger: Purchase of marketable securities Depreciation and amortization expense Declaration of preferred dividends Decrease

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Exercise 13-12 The following items were gathered from Daniels Distributing's general ledger: Purchase of marketable securities Depreciation and amortization expense Declaration of preferred dividends Decrease in Prepaid Assets Gain on sale of equipment Beginning Cash balance Payment for purchase of equipment Increase in Accounts Receivable Stock-based compensation Proceeds from issuing common stock Increase in Inventory Decrease in Accounts Payable Ending Cash balance Using the indirect method, construct Daniels Distributing's statement of cash flows. (If amount decreases cash flow then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000).)

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