Kate Petusky prepared Addison Controls' balance sheet and income statement for 2013. Before she could complete the statement of cash flows, she had to leave town to attend to a family emergency. Because the full set of statements must be provided to the auditors today, Addison's president, Lance Meyers, has asked you to prepare the statement of cash flows. Meyers has provided you with the balance sheets and income statement that Petusky prepared, as well as some notes she made:

Please refer to attachment

Problem 13-23 Kate Petusky prepared Addison Controls' balance sheet and income statement for 2013. Before she could complete the statement of cash flows, she had to leave town to attend to a family emergency. Because the full set of statements must be provided to the auditors today, Addison's president, Lance Meyers, has asked you to prepare the statement of cash flows. Meyers has provided you with the balance sheets and income statement that Petusky prepared, as well as some notes she made: Addison Controls Income Statement For the Year Ended December 31, 2013 Sales revenue $ 128,800 Cost of goods sold 70,510 Gross margin Selling expense Administrative expense Salaries expense 58,290 $13,140 8,370 20,340 Depreciation expense 1,980 Interest expense 4,160 Income before gain and taxes 47,990 10,300 Gain on sale of Land 945 Income tax expense 819 Net income $ 10,426 Addison Controls Comparative Balance Sheets As of December 31 2013 Cash $ 5,120 Accounts receivable, net 6,430 Inventory 31,770 Total current assets 43,320 Property, plant, & equipment, net 211,800 Total Assets $255,120 Accounts payable $ 3,550 Accrued expenses 2,490 Taxes payable 2,260 Bonds payable 60,190 Total liabilities 68,490 Common stock 125,410 Retained earnings 61,220 Total stockholders' equity 186,630 Total liabilities & stockholders' equity $255,120 2012 4,260 5,520 34,350 44,130 215,420 $259,550 $ 5,950 2,300 2,770 50,460 61,480 125,410 72,660 198,070 $259,550 $ Equipment with an original cost of $35,170 was sold for $20,275. The book value of the equipment was $19,330. On June 1, 2013, the company purchased new equipment for cash at a cost of $17,690. At the end of the year the company issued bonds payable for $9,730 cash. The bonds will mature on December 31, 2017. The company paid $21,866 in cash dividends for the year. Using the indirect method, prepare Addison Controls' statement of cash flows for 2013. (If an amount decreases cash flow then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000).) Addison Control Statement of Cash Flows For the Year Ended December 31, 2013 $ $ Net cash by activities Net cash by activities Net cash by activities $