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Presented below are data taken from the records of Alee Company. December 31, 2014 December 31, 2013 Cash $15,240 $10,240 Current assets other than cash

Presented below are data taken from the records of Alee Company.

December 31, 2014

December 31, 2013

Cash

$15,240

$10,240

Current assets other than cash

84,830

58,830

Long-term investments

9,720

53,610

Plant assets

333,750

215,290

$443,540

$337,970

Accumulated depreciation

$20,030

$39,720

Current liabilities

40,110

22,350

Bonds payable

75,070

0

Capital stock

254,500

254,500

Retained earnings

53,830

21,400

$443,540

$337,970

Additional information:

1. Held-to-maturity securities carried at a cost of $43,890 on December 31, 2013, were sold in 2014 for $33,210. The loss (not extraordinary) was incorrectly charged directly to Retained Earnings.
2. Plant assets that cost $60,030 and were 80% depreciated were sold during 2014 for $7,720. The loss (not extraordinary) was incorrectly charged directly to Retained Earnings.
3. Net income as reported on the income statement for the year was $59,460.
4. Dividends paid amounted to $12,064.
5. Depreciation charged for the year was $28,334.

Prepare a statement of cash flows for the year 2014 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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