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please answer this question fabryx.com/servlet/QuieServletood-11218 Use the Stake Technology Inc financial statements and supplimentary information given below to prepare a statement of cash flows for

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fabryx.com/servlet/QuieServletood-11218 Use the Stake Technology Inc financial statements and supplimentary information given below to prepare a statement of cash flows for the year ended December 31, 2014, using the indirect method Additional Information a Purchased machinery for $27.000 cash b. Sold the long term investment on January 1, 2014 for $30,000 c Sold machinery for $10,000 cash that had orginally cost $41,000 and had $31,000 of accumulated depreciation d Issued $33.000 of bonds payable at foco value e The short term investment is a treasury bill that was purchased with maturity in 90 days. Statement of Gas Flow Cash flows from operating activities Mint to reconcile net income cash provided by operact take Technology Inc Comtative Balance sheet Information December 31 Assets 2014 2013 Cash 204.600 150.000 Short term westments 50.000 40,000 Accounts receivable 18.100 50,000 Merchandise inventory 93 300 63.000 Long term investment 0 40,000 Machinery 190.000 210.000 Accumulated depreciation 111000 100.000) Total assets 451 500 400.000 X Cash flows from investing activities X Cashows from financing activities X Net increase (decrease in cash Cash at beginning of year Cash at end of Lioblities and Equity Accounts payable Dividends payable Bonds payable Share capital Retained earings Total abilities and equity 78 500 10 000 33.000 261 000 69.000 451 500 60.000 35.000 0 201,000 106.000 463.000 18:15 O Type here to search DOLL flytyx.com/ Vies/Ouizlet?cid11218 Bahay Statement of an Flows Assets Cash flows from operating activities Cash December 31 2014 2013 204 600 150,000 50.000 40.000 18.100 60,000 93 800 63000 0 20,000 195.000 210,000 (111.000). (100,000) 451,500 463,000 Short term investments Accounts receivable Merchandise inventory Long term investment Machinery Accumulated depreciation Toth asset Adjust ta reconcile net income to cash provided by operac || Cash flows from investing activities Cash flows from financing activities X Liabilities and Equity Accounts payable Dividends payable Bonds payable Share capital Retained earrings Total abilities and equity 78,500 10,000 33,000 261,000 80,000 451,500 60,000 36,000 0 201.000 100,000 463,000 Net increase (decrease in cash Cash at beginning of year Cash at end of year Stake Technology Inc Income Statement For Year Ended December 31, 2014 Sales 760,000 Cost or Goods Sold 710,000 Depreciation expense 42000 Other expenses 35.000 (787.000) Loss on sale of long-term investment (10,000) Netloss 37 000 Type here to search

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