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I am not sure how to complete this task. Please Help! Thanks in advance! Selected financial statement information and additional data for Johnston Enterprises is

I am not sure how to complete this task. Please Help! Thanks in advance!

Selected financial statement information and additional data for Johnston Enterprises is presented below. Prepare a statement of cash flows for the year ending December 31, 2014

Johnston Enterprises

Balance Sheet and Income Statement Data

December 31, 2014

December 31, 2013

Current Assets:

Cash

$143,000

$119,000

Accounts Receivable

228,000

306,000

Inventory

391,000

340,000

Total Current Assets

762,000

765,000

Property, Plant, and Equipment

1,261,000

1,122,000

Less: Accumulated Depreciation

(476,000)

(442,000)

Total Assets

$1,547,000

$1,445,000

Current Liabilities:

Accounts Payable

$187,000

$102,000

Notes Payable

51,000

68,000

Income Taxes Payable

85,000

76,500

Total Current Liabilities

323,000

246,500

Bonds Payable

350,000

391,000

Total Liabilities

673,000

637,500

Stockholders' Equity:

Common Stock

510,000

467,500

Retained Earnings

364,000

340,000

Total Stockholders' Equity

874,000

807,500

Total Liabilities & Stockholders' Equity

$1,547,000

$1,445,000

Sales Revenue

1,615,000

$1,513,000

Less Cost of Goods Sold

781,000

731,000

Gross Profit

834,000

782,000

Expenses:

Depreciation Expense

153,000

136,000

Salaries and Wages Expense

391,000

357,000

Interest Expense

34,000

34,000

Loss on Sale of Equipment

12,000

0

Income Before Taxes

244,000

255,000

Less Income Tax Expense

98,000

102,000

Net Income

$146,000

$153,000

Additional Information:

During the year, Johnston sold equipment with an original cost of $133,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000.

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