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		$126		$42
Accounts receivable (net)		72		52
Inventories		45		29
Land		103		118
Equipment		58		46
Accumulated depreciation-equipment		(16)		(8)
	Total	$388		$279
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$49		$42
Dividends payable		8		-
Common stock, $10 par		26		13
Paid-in capital in excess of par-common stock		57		33
Retained earnings		248		191
	Total	$388		$279

The following additional information is taken from the records:

Land was sold for $38.

Equipment was acquired for cash.

There were no disposals of equipment during the year.

The common stock was issued for cash.

There was a $83 credit to Retained Earnings for net income.

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

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.

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: Net cash flow provided by financing activities Cash at the begining of the year Cash at the end of the year Was Tru-Built Construction Inc.'s cash flow from operations more or less than net income?