Exercise 5 18 (Part Level Submission) The comparative balance sheets of Madrasah Corporation at the beginning and end of the year 2014 appear below MADRASAH CORPORATION BALANCE SHEETS Dec 31,2014 Jan 1,2014 Inc Dec Assets Cash $21,872 $15,200 $6,672 Inc Accounts receivable 107,872 90,200 17,672 Inc Equipment 40,872 24,200 16,672 Inc Less Accumulated Depreciation Equipment (17,000 ) (11,000 ) 6,000 Inc Total $153,616 $118,600 Liabilities and Stockholders Equity Accounts payable $21,872 $17,200 4,672 Inc Common stock 101,872 82,200 19,672 Inc Retained earnings 29,872 19,200 10,672 Inc Total $153,616 $118,600 Net income of $45,872was reported, and dividends of $35,200were paid in 2014 New equipment was purchased and none was sold Warning Don't show me this message again for the assignment Ok Cancel (a) Prepare a statement of cash flows for the year 2014 (Show amounts that decrease cash flow with either a sign e g 15,000 or in parenthesis e g (15,000) ) Madrasah Corporation Statement of Cash Flows For the Year Ended December 31, 2014 Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Loss on Sale of EuipmentNet IncomePurchase of EquipmentDepreciationIssuance of StockIncrease in Accounts PayablePayment of DividendsDecrease in Accounts PayableIncrease in Accounts ReceivableDecrease in Accounts Receivable $ Adjustment to reconcile net income to Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Increase in Accounts PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivablePurchase of EquipmentDepreciationIssuance of StockPayment of DividendsDecrease in Accounts PayableLoss on Sale of EuipmentNet Income $ Increase in Accounts PayableDecrease in Accounts ReceivableDepreciationIncrease in Accounts ReceivablePurchase of EquipmentIssuance of StockNet IncomePayment of DividendsDecrease in Accounts PayableLoss on Sale of Euipment DepreciationPayment of DividendsDecrease in Accounts ReceivableDecrease in Accounts PayableNet IncomeIncrease in Accounts ReceivableLoss on Sale of EuipmentPurchase of EquipmentIssuance of StockIncrease in Accounts Payable Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Issuance of StockNet IncomePayment of DividendsPurchase of EquipmentDecrease in Accounts PayableDepreciationIncrease in Accounts PayableIncrease in Accounts ReceivableLoss on Sale of EuipmentDecrease in Accounts Receivable Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Issuance of StockDecrease in Accounts ReceivableIncrease in Accounts ReceivablePurchase of EquipmentIncrease in Accounts PayableDepreciationPayment of DividendsDecrease in Accounts PayableNet IncomeLoss on Sale of Euipment Increase in Accounts PayableLoss on Sale of EuipmentIncrease in Accounts ReceivablePurchase of EquipmentIssuance of StockDecrease in Accounts PayablePayment of DividendsDecrease in Accounts ReceivableNet IncomeDepreciation Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash $ Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash $ Warning Don't show me this message again for the assignment Ok Cancel Link to Text Attempts 0 of 3 used Save for later Submit Answer (b) The parts of this question must be completed in order This part will be available when you complete the part above (c) The parts of this question must be completed in order This part will be available when you complete the part above

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Exercise 5-18 (Part Level Submission) The comparative balance sheets of Madrasah Corporation at the beginning and end of the year 2014 appear below. MADRASAH CORPORATION

Exercise 5-18 (Part Level Submission) The comparative balance sheets of Madrasah Corporation at the beginning and end of the year 2014 appear below.

MADRASAH CORPORATION BALANCE SHEETS
Dec.31,2014	Jan.1,2014	Inc./Dec.
Assets
Cash	$21,872	$15,200	$6,672	Inc.
Accounts receivable	107,872	90,200	17,672	Inc.
Equipment	40,872	24,200	16,672	Inc.
Less: Accumulated Depreciation-Equipment	(17,000	)	(11,000	)	6,000	Inc.
Total	$153,616	$118,600
Liabilities and Stockholders Equity
Accounts payable	$21,872	$17,200	4,672	Inc.
Common stock	101,872	82,200	19,672	Inc.
Retained earnings	29,872	19,200	10,672	Inc.
Total	$153,616	$118,600

Net income of $45,872was reported, and dividends of $35,200were paid in 2014. New equipment was purchased and none was sold.

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(a) Prepare a statement of cash flows for the year 2014. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Madrasah Corporation Statement of Cash Flows For the Year Ended December 31, 2014
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Loss on Sale of EuipmentNet IncomePurchase of EquipmentDepreciationIssuance of StockIncrease in Accounts PayablePayment of DividendsDecrease in Accounts PayableIncrease in Accounts ReceivableDecrease in Accounts Receivable	$
Adjustment to reconcile net income to
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Increase in Accounts PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivablePurchase of EquipmentDepreciationIssuance of StockPayment of DividendsDecrease in Accounts PayableLoss on Sale of EuipmentNet Income	$
Increase in Accounts PayableDecrease in Accounts ReceivableDepreciationIncrease in Accounts ReceivablePurchase of EquipmentIssuance of StockNet IncomePayment of DividendsDecrease in Accounts PayableLoss on Sale of Euipment
DepreciationPayment of DividendsDecrease in Accounts ReceivableDecrease in Accounts PayableNet IncomeIncrease in Accounts ReceivableLoss on Sale of EuipmentPurchase of EquipmentIssuance of StockIncrease in Accounts Payable

Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Issuance of StockNet IncomePayment of DividendsPurchase of EquipmentDecrease in Accounts PayableDepreciationIncrease in Accounts PayableIncrease in Accounts ReceivableLoss on Sale of EuipmentDecrease in Accounts Receivable

Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Issuance of StockDecrease in Accounts ReceivableIncrease in Accounts ReceivablePurchase of EquipmentIncrease in Accounts PayableDepreciationPayment of DividendsDecrease in Accounts PayableNet IncomeLoss on Sale of Euipment
Increase in Accounts PayableLoss on Sale of EuipmentIncrease in Accounts ReceivablePurchase of EquipmentIssuance of StockDecrease in Accounts PayablePayment of DividendsDecrease in Accounts ReceivableNet IncomeDepreciation
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash	$
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of YearCash at End of YearCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash	$