Statement of Cash FlowsIndirect Method

The comparative balance sheet of Tru-Built Construction Inc. for December 31, 2014 and 2013, is as follows:

		Dec. 31, 2014		Dec. 31, 2013
Assets
Cash		$127		$40
Accounts receivable (net)		72		50
Inventories		45		27
Land		103		113
Equipment		58		43
Accumulated depreciation-equipment		(16)		(8)
	Total	$389		$265
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$49		$40
Dividends payable		8		-
Common stock, $10 par		26		12
Paid-in capital in excess of par-common stock		66		31
Retained earnings		240		182
	Total	$389		$265

The following additional information is taken from the records:

Land was sold for $25.

Equipment was acquired for cash.

There were no disposals of equipment during the year.

The common stock was issued for cash.

There was a $84 credit to Retained Earnings for net income.

There was a $26 debit to Retained Earnings for cash dividends declared.

a. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. Tru-Built Construction Inc. Statement of Cash Flows For the Year Ended December 31.201A Cash flows from operating activities Adjustments to reconcile net income to net cash flow from operating activities Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities Net cash flow provided by investing activities Cash flows from financing activities