II.On the basis of the following data for Cole Co. for the 2013 and 2012 prepare the statement of cash flows.Use the indirect method of reporting cash flows from operating activities.

	2013	2012
Cash	$ 392	$ 128
Accounts receivable (net)	224	160
Inventories Land	140 320	88 360
Equipment	180	140
Accumulated depreciation	(48)	(24)
	$1,208	$852
	========	========
Accounts payable (merchandise creditors)	$ 140	$ 128
Cash dividends payable	24	0
Common stock, $10 par	80	40
Paid-in capital in excess of par--
common stock	200	100
Retained earnings	764	584
	$1,208	$852
	========	========

Instructions:

• Net Income 260 (Ganancia Neta 260).
• Dividend Declared - 80 (Dividendos declarados).
• Land was sold for $ 100.
• Equipment was acquiered for cash.
• There was no disposals of equipment during the year
• The common stock was issued for cash.