Question 6 [25 points]

ABC Inc. began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. Other information regarding ABC Inc. and its activities during 2015 follow in (a) through (e) :

Question 6 [25 points) ABC Inc. began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. Other information regarding ABC Inc. and its activities during 2015 follow in (a) through (e) : a. Assume all accounts have normal balances. b. Equipment was sold for cash of $29,200. c. old machinery was sold for cash of $21,500. New machinery was purchased for $30,000 cash. d. Share capital was issued for cash. e. Cash dividends were declared and paid. Using the information provided, prepare a statement of cash flows (using the indirect method) for the year ended December 31, 2015. ABC Inc. Adjusted Trial Balance (select one) Statement of Cash Flows (select one) Account Accounts Payable Accounts Receivable Accumulated Depreciation, Equipment Accumulated Depreciation, Machinery Allowance for Doubtful Accounts Depreciation Expense, Equipment Depreciation Expense, Machinery Cash Cash Dividends Equipment Machinery. Merchandise Inventory Long-term Notes Payable Other Expenses (including losses). Retained earings Revenues (including gains). Share capital Unearned Revenue December 31 2015 2014 49,100 53,000 74,900 92,500 4,200 73.000 9,100 57,000 5,900 15,500 8,400 8,400 5,500 5.500 293,620 295,000 74.000 74,000 32,800 137,000 56,600 102,000 40,770 44,000 66,910 88,000 570,000 40,000 76,000 63,000 599,900 140,900 313,000 278,000 32,480 30,000 PO