PROBLEM: UNDERSTANDING CASH FLOW

Prepare a Statement of Cash Flows in good form based upon the data below for the Syzmanski Company:

SYZMANSKI COMPANY Comparative Balance Sheets December 31 Assets 2014 2013 Cash $ 100,000 $ 65,000 Accounts receivable 17,500 10,000 Inventory 12,000 18,000 Prepaid insurance 6,000 10,000 Property, plant, and equipment 58,000 60,000 Accumulated depreciation (30,500) (32,000) Total $ 163,000 $ 131,100 Liabilities and Stockholders