On December 1, 2012, Shiras Distributing Company had the following account balances.

During December, the company completed the following summary transactions.

Dec. 6 Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable.

8 Received $1,900 cash from customers in payment of account (no discount allowed).

10 Sold merchandise for cash $6,300. The cost of the merchandise sold was $4,100.

13 Purchased merchandise on account from Gong Co. $9,000, terms 2/10, n/30.

15 Purchased supplies for cash $2,000.

18 Sold merchandise on account $12,000, terms 3/10, n/30. The cost of the merchandise sold was $8,000.

20 Paid salaries $1,800.

23 Paid Gong Co. in full, less discount.

27 Received collections in full, less discounts, from customers billed on December 18.

Adjustment data:

1. Accrued salaries payable $800.

2. Depreciation $200 per month.

3. Supplies on hand $1,500.

4. Income tax due and unpaid at December 31 is $200.

Required:

Prepare Cash flow statement

Credits Cash Accounts Receivable Inventory Supplies Equipment Debits $ 7,200 4,600 12,000 1,200 22,000 $47,000 Accumulated Depreciation- Equipment Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings $ 2,200 4,500 1,000 15,000 24,300 $47,000