Prepare a cash flow statement

Problem #6 Hamilton Company Comparative Balance Sheets December 31, 2013 and December 13, 2014 Assets 2013 2014 Difference Cash 611,200 515,200 (96,000) Accounts Receivable 1,507,600 1,467,600 (40,000) Inventory 1,610,000 1,930,000 320,000 Prepaid Expenses 53,600 29,600 (24,000) Long term investments 880,000 880,000 Land 642,400 722,400 80,000 Building 1,840,000 2,400,000 560,000 Accumulated Depr - Building (320,000) (480,000) (160,000) Equipment 960,000 960.000 Accumulated Depr - Equipment (112,000) (232,000) (120,000) Patents 80,000 40,000 (40,000) Total Assets 7,752,800 8,232,800 480,000 Liabilities & Stockholder's Equity Accounts Payable Notes Payable (Current) Accrued Liabilities Mortgage Payable Bonds Payable Common Stock $10 par value Additional paid in capital Retained Earnings Treasury Stock Total Liabilities & S/E 1,331,600 951,600 (380,000) 320,000 80,000 (240,000) 31,600 11,600 (20,000) 1,600,000 2,160,000 560,000 1,520,000 2,000,000 480,000 2,600,000 2,600,000 160.000 160,000 389,600 509,600 120,000 (200,000) (240,000) (40,000) 7,752,800 8,232,800 480,000 Additional information: 1. Net income $192,000 2. Building depreciation $160,000 3. Equipment depreciation $120,000 4. Sold investments for $300,000 on which there was a gain of $68,000 5. Paid $80,000 on the mortgage 6. Patent amortization $40,000 7. Issued $480,000 of long term bonds 8. Issued a note payable $120,000 9. Repaid a note in the amount of $360,000 10. Land and building purchased with a mortgage S640,000 12. Paid dividends of $72,000 13. Purchased investments $232,000 14. Purchased treasury stock in the amount of $40,000