Home Free lnc$.$ had the following financial information for $2013.$ Prepare the statement of cash flows using

the indirect method for the operating section. Briefly analyze the statement $-$ what do you learn from it$?$

Additional information: Old equipment was sold for $$1300$ cash when the original cost of the equipment

sold was $534,800.$ No new equipment was purchased in $2013.$ Land was purchased with cash. Assume any

new stock was issued for cash. Dividends were paid in Cash.

Enter omounts subtrocted or cosh poidl used os negotive amounts.

Home Free, Inc.

Income Statement

For Year Ended December $31,2013$

Home Free, Inc.

Statement of Cash Flows

For Year Ended December $31,2013$

Cash Flows from Operating Activities:

Adjustments to reconcile net income to net cash

Total Adjustments

Cash Flows from Investing Activities:

Cash Flows from Financing Activities: