First Statement is the balance sheet.

Second statement is the Income Statement

Additonal information from records:

a. Equipment was acquired and a land paid in cash b. During this period there was no provision of any equipment. c. A cash investment was sold in the amount of $54,000. d. Common stock sold for cash was issued. e. Retained Earnings was charged $60,000 cash debit for declared dividends.

Instructions: Prepare a statement of cash flow using the indirect method and the direct method.

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Estado de Situacion comparativo a Junio 30, 2016 de Maria Arraza Co. 30-Jun-10 30-Jun-09 Change Decreaselincrease) Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation Total Assets Liabilities and Stookholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable loperating expenses) Dividends payable Common stock, $1 par Paid-in capital in excess of par-comme stock Retained earnings Total Liabilities and Retained earnings $ 41,600 $ 28,200 $ (13,400.00) iner 121,900 110,700 $ (11,200.00) incr 175,600 170,500 $ (5,100.00) inor 60,000 $ 60,000.00 deor 174,000 $(174,000.00) incr 258,000 210,600 $ (47,400.00) incr (58,300) (49,600) $ (8,700.00) incr $ 712,800 $530,400 $ 121,000 $ 114,200 $ (6,800.00) 18,000 15,800 $ (3,800.00) 15,000 12,000 $ (3,000.00) 67,200 60,000 $ (7,200.00) 264,000 120,000 $(144,000.00) 227,600 208,400 $ (19,200.00) $ 712,800 $530,400 Estaod de Ingresos a Junio 30, 2016: $1,134,900 698,400 436,500 Sales Cost of merchandise sold Gross profit Operating expenses: Depreciation expense Other operating expenses Total operating expenses Operating income Other expenses: Loss on sale of investments Income before income tax Income tax expense Net income 8,700 289,800 298,500 138,000 (6,000) 132,000 52,800 79,200 $ The following additional information was taken from the records: a. Se adquirio equipo y un terreno pago de contado b. Durante este periodo no hubo disposicion de equipo alguno. c. Se vendio una inversion en efectivo por la cantidad de $54,000. d. Se emitieron common stock vendidas en efectivo. e. Se cargo a Retained Earnings $60,000 debito en efectivo por dividendos declarados. Instruciones: Prepare a statement of cash flows, using the direct and indirect method of presenting