Prepare a statement of cash flows, in proper form, for the year ended
December 31, 2013, using the indirect method.
GALLUP COMPANY
Comparative Balance Sheets
Dec. 31, 2013 Dec. 31, 2012
Assets
Cash	$ 13,000 $15,000
Accounts receivable 18,000 24,000
Inventory 32,000 12,000
Long-term investments -0- 18,000
Equipment 60,000 30,000
Acc depreciationequip (18,000) (14,000)
Total assets $105,000 $85,000
Liabilities and Stockholders' Equity
Accounts payable $ 25,000 $13,000
Salaries payable 5,000 8,000
Bonds payable 32,000 44,000
Common stock 40,000 15,000
Retained earnings 3,000 5,000
Total liabilities and stock equity $105,000 $85,000
Additional information:
1	Net income for the year ended December 31, 2013, was $16,000.
2	Cash dividends of $18,000 were declared and paid during the year.
3	Long-term investments that had a book value of $18,000 were sold for $16,000.
4	Sales for 2013 are $120,000.