Question
Here are comparative balance sheets for Alpha Company. ALPHA COMPANY Comparative Balance Sheets December 31 Assets 2014 2013 Cash $72,710 $22,001 Accounts receivable 85,652 76,161
Here are comparative balance sheets for Alpha Company. ALPHA COMPANY Comparative Balance Sheets December 31 Assets 2014 2013 Cash $72,710 $22,001 Accounts receivable 85,652 76,161 Inventories 169,800 188,601 Land 75,070 100,300 Equipment 259,540 200,580 Accumulated depreciation (65,861) (32,198) Total $596,911 $555,445 Liabilities and Stockholders' Equity Accounts payable $39,209 $46,636 Bonds payable 151,530 203,230 Common stock ($1 par) 214,140 175,750 Retained earnings 192,032 129,829 Total $596,911 $555,445 Additional information: Net income for 2014 was $101,690, depreciation was $33,663. Cash dividends of $39,487 were declared and paid. Bonds payable amounting to $51,700 were redeemed for cash $51,700. Common stock was issued for $38,390 cash. Land was sold for $25,230 cash, there was no loss. Equipment was purchased for $58,960 cash. Instructions Prepare a statement of cash flows for 2014 using the indirect method.
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