NOSKER COMPANY Comparative Balance Sheets December 31
Assets	2014	2013
Cash	$34,150	$19,060
Accounts receivable	32,830	19,540
Inventory	26,590	20,460
Equipment	59,110	77,680
Accumulated depreciationequipment	(29,250	)	(23,810	)
Total	$123,430	$112,930
Liabilities and Stockholders Equity
Accounts payable	$28,990	$16,680
Income taxes payable	7,460	8,110
Bonds payable	26,320	33,270
Common stock	17,700	14,220
Retained earnings	42,960	40,650
Total	$123,430	$112,930

NOSKER COMPANY Income Statement For the Year Ended December 31, 2014
Sales revenue	$241,930
Cost of goods sold	176,270
Gross profit	65,660
Operating expenses	24,240
Income from operations	41,420
Interest expense	3,360
Income before income taxes	38,060
Income tax expense	8,000
Net income	$30,060

Additional data:

1.	Dividends declared and paid were $27,750.
2.	During the year equipment was sold for $7,810 cash. This equipment cost $18,570 originally and had a book value of $7,810 at the time of sale.
3.	All depreciation expense, $16,200, is in the operating expenses.
4.	All sales and purchases are on account.

Further analysis reveals the following.

1.	Accounts payable pertain to merchandise suppliers.
2.	All operating expenses except for depreciation were paid in cash.

(a)Prepare a statement of cash flows for Nosker Company using the direct method. Prepare a statement of cash flows for Nosker Company using the direct method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Nosker Company Statement of Cash Flows For the Year Ended December 31, 2014 Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash For Operating ExpensesIncrease in InventoryFor Income TaxesSale of EquipmentIssuance of Common StockIncrease in Accounts ReceivableDecrease in InventoryRedemption of Common StockNet IncomePurchase of EquipmentFor InterestDecrease in Income Taxes PayableDepreciation ExpenseIncrease in Income Taxes PayableDecrease in Accounts ReceivableIssuance of BondsRedemption of BondsPayment of DividendsCash Receipts from CustomersTo SuppliersIncrease in Accounts PayableDecrease in Accounts Payable $ Less cash payments: Cash Receipts from CustomersSale of EquipmentFor Income TaxesDecrease in Accounts ReceivableRedemption of BondsFor Operating ExpensesRedemption of Common StockIncrease in Income Taxes PayableIncrease in InventoryPayment of DividendsPurchase of EquipmentTo SuppliersNet IncomeFor InterestDepreciation ExpenseIssuance of BondsIncrease in Accounts PayableDecrease in InventoryIncrease in Accounts ReceivableDecrease in Accounts PayableDecrease in Income Taxes PayableIssuance of Common Stock $ Decrease in InventoryFor InterestDecrease in Accounts ReceivableIssuance of Common StockSale of EquipmentIssuance of BondsDecrease in Income Taxes PayablePayment of DividendsIncrease in Accounts ReceivableCash Receipts from CustomersFor Operating ExpensesPurchase of EquipmentRedemption of BondsFor Income TaxesIncrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Accounts PayableNet IncomeDepreciation ExpenseRedemption of Common StockIncrease in InventoryTo Suppliers Purchase of EquipmentRedemption of Common StockPayment of DividendsDecrease in Accounts ReceivableFor Operating ExpensesCash Receipts from CustomersTo SuppliersFor InterestFor Income TaxesIssuance of Common StockNet IncomeIssuance of BondsIncrease in Income Taxes PayableDepreciation ExpenseDecrease in InventoryDecrease in Income Taxes PayableIncrease in Accounts PayableRedemption of BondsSale of EquipmentDecrease in Accounts PayableIncrease in InventoryIncrease in Accounts Receivable Decrease in Income Taxes PayableTo SuppliersNet IncomeDecrease in Accounts PayablePayment of DividendsFor Income TaxesRedemption of BondsDepreciation ExpenseIncrease in Accounts PayableCash Receipts from CustomersRedemption of Common StockIncrease in Income Taxes PayableIssuance of BondsSale of EquipmentFor Operating ExpensesFor InterestIncrease in InventoryDecrease in InventoryIncrease in Accounts ReceivableDecrease in Accounts ReceivablePurchase of EquipmentIssuance of Common Stock Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Net IncomeIncrease in Income Taxes PayableTo SuppliersCash Receipts from CustomersDecrease in Income Taxes PayableRedemption of Common StockDepreciation ExpenseIssuance of Common StockIncrease in InventoryDecrease in Accounts ReceivableIssuance of BondsDecrease in Accounts PayableIncrease in Accounts PayableDecrease in InventoryFor InterestFor Income TaxesFor Operating ExpensesIncrease in Accounts ReceivableSale of EquipmentPurchase of EquipmentRedemption of BondsPayment of Dividends Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Redemption of Common StockPayment of DividendsSale of EquipmentIncrease in InventoryIssuance of Common StockIssuance of BondsDecrease in Accounts ReceivableRedemption of BondsFor Operating ExpensesDepreciation ExpensePurchase of EquipmentTo SuppliersCash Receipts from CustomersFor InterestFor Income TaxesNet IncomeIncrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Accounts PayableIncrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in Inventory Issuance of Common StockRedemption of Common StockIncrease in Accounts PayableSale of EquipmentDecrease in InventoryIncrease in Income Taxes PayablePurchase of EquipmentIncrease in InventoryFor Operating ExpensesCash Receipts from CustomersFor InterestFor Income TaxesDecrease in Accounts PayableIssuance of BondsIncrease in Accounts ReceivableDepreciation ExpenseTo SuppliersDecrease in Accounts ReceivablePayment of DividendsRedemption of BondsDecrease in Income Taxes PayableNet Income Increase in InventoryFor Income TaxesDecrease in Accounts PayableDecrease in InventoryTo SuppliersIncrease in Accounts PayableFor InterestDecrease in Income Taxes PayableFor Operating ExpensesRedemption of BondsNet IncomeIncrease in Income Taxes PayableDepreciation ExpenseSale of EquipmentIncrease in Accounts ReceivableDecrease in Accounts ReceivableCash Receipts from CustomersPurchase of EquipmentIssuance of Common StockRedemption of Common StockIssuance of BondsPayment of Dividends Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash