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The balance sheets for 12/31/15 and 12/31/14 and the amount of the change for the Awesome Company are as follows: 2015 2014 Change Cash 33,500

The balance sheets for 12/31/15 and 12/31/14 and the amount of the change for the Awesome Company are as follows:

2015

2014

Change

Cash

33,500

13,000

20,500

Accounts receivable

12,250

10,000

2,250

Less: allowance for doubtful accounts

(3,000)

(4,500)

(1,500)

Inventory

12,000

9,000

3,000

Investments non-current

-

3,000

(3,000)

Buildings

-

29,750

(29,750)

Less: accumulated depreciation - buildings

-

(6,000)

(6,000)

Equipment

45,000

20,000

25,000

Less: accumulated depreciation - equipment

(2,000)

(4,500)

(2,500)

Copyrights

5,000

6,250

(1,250)

Total Assets

102,750

76,000

26,750

Accounts payable

5,000

3,000

2,000

Dividends payable

-

5,000

(5,000)

Notes payable, short-term (non-trade)

3,000

4,000

(1,000)

Notes payable, long-term

31,000

25,000

6,000

Common stock

43,000

33,000

10,000

Retained earnings

20,750

6,000

14,750

Total Liabilities and Stockholders' Equity

102,750

76,000

26,750

Additional 2015 data:

a.Equipment that cost $11,000 with related accumulated depreciation totaling $4,400 at the time of the disposal was sold for $2,500 cash.

b.A long-term note payable with a balance of $10,000 was paid by issuing common stock.

c.Cash dividends of $5,000 were paid.

d.On January 1, 2015, the building was completely destroyed by a flood. Insurance proceeds totaled $32,000 received in cash. The related taxes total $2,000.

e.Investments non-current, classified as available for sale, were sold for $4,700 cash. The company has made similar sales and investments in the past.

f.Cash of $20,000 was paid for the acquisition of equipment AND a $16,000 long-term note payable was issued for the acquisition of various equipment items.

g.Interest of $2,000 was paid in cash.

h.Income taxes of $6,500 were paid in cash.

Prepare a statement of cash flows. Use the indirect method for the operating activities section.

Be sure to present the required supplemental disclosures at the bottom of the statement.

Thank you!

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