Question needed is attached. Due date is tomorrow by 12:00 pm

The following are Sullivan Corp.'s comparative balance sheet accounts at December 31, 2014 and 2013, with a column showing the increase (decrease) from 2013 to 2014. COMPARATIVE BALANCE SHEETS 2014 Cash 2013 $815,000 $700,000 Accounts receivable 1,128,000 1,168,000 Inventory 1,850,000 1,715,000 Property, plant, and equipment 3,307,000 2,967,000 (1,165,000 ) (1,040,000 ) Investment in Myers Co. 310,000 275,000 Loan receivable 250,000 $6,495,000 $5,785,000 $1,015,000 $955,000 Income taxes payable 30,000 50,000 Dividends payable 80,000 100,000 Lease liabililty 400,000 Common stock, $1 par 500,000 500,000 1,500,000 1,500,000 Accumulated depreciation Total assets Accounts payable Paid-in capital in excess of parcommon stock Retained earnings 2,970,000 2,680,000 $6,495,000 Total liabilities and stockholders' equity $5,785,000 Additional information: 1 . 2 . 3 . 4 . 5 . 6 . On December 31, 2013, Sullivan acquired 25% of Myers Co.'s common stock for $275,000. On that date, the carrying value of Myers's assets and liabilities, which approximated their fair values, was $1,100,000. Myers reported income of $140,000 for the year ended December 31, 2014. No dividend was paid on Myers's common stock during the year. During 2014, Sullivan loaned $300,000 to TLC Co., an unrelated company. TLC made the first semiannual principal repayment of $50,000, plus interest at 10%, on December 31, 2014. On January 2, 2014, Sullivan sold equipment costing $60,000, with a carrying amount of $38,000, for $40,000 cash. On December 31, 2014, Sullivan entered into a capital lease for an office building. The present value of the annual rental payments is $400,000, which equals the fair value of the building. Sullivan made the first rental payment of $60,000 when due on January 2, 2015. Net income for 2014 was $370,000. Sullivan declared and paid cash dividends for 2014 and 2013 as shown below. 2014 2013 Declared December 15, 2014 December 15, 2013 Paid February 28, 2015 February 28, 2014 Amount $80,000 $100,000 Prepare a statement of cash flows for Sullivan Corp. for the year ended December 31, 2014, using the indirect method. (Show amounts that decrease cash flow with either a - sign or parentheses)