Question 4 [30 points] Use the Vision Consulting Inc, financial statements and supplementary information given below to prepare a statement of cash flows for the year ended Dec Additional Information: a. Purchased machinery for $46,000 cash. b. Sold the long-term investment on January 1, 2014 for $52,000. C. Sold machinery for $12,500 cash that had originally cost $45,000 and had $32,500 of accumulated depreciation. d. Issued $35,000 of bonds payable at face value. e. The short-term investment is a treasury bill that was purchased with maturity in 90 days. (select one) Statement of Cash Flows (select one) Cash flows from operating activities Adjust to reconcile net income to cash provided by oper. act.: Vision Consulting Inc. Comparative Balance Sheet Information December 31 Assets 2014 2013 Cash 366,900 190,000 Short-term investments 105,000 95,000 Accounts receivable 38,300 26,000 Merchandise inventory... 16.80053,000 Long term investment... 0 38,000 Machinery 211,000 210,000 Accumulated depreciation. (121,500) (105,000) Total assets. 616,500 507,000 Cash flows from investing activities X + Cash flows from financing activities X + 54,000 35.000 Liabilities and Equity Accounts payable. Dividends payable Bonds payable Share capital Retained earnings. Total liabilities and equity... 85,500 26.000 35,000 318,000 152,000 616,500 Net increase (decrease) in cash... Cash at beginning of year. Cash at end of year... 318,000 100,000 507,000 700,000 Vision Consulting Inc Income Statement For Year Ended December 31, 2014 Sales Cost Of Goods Sold . . 580,000 Depreciation expense. ............ 49,000 Other expenses 33,000 Gain on sale of long-term investment... Net income IT CAPelise............................. (662,000) 14,000 52,000