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The balance sheets for King Company showed the following information. Additional information concerning transactions and events during 2014 are presented below: Net Income for the

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The balance sheets for King Company showed the following information. Additional information concerning transactions and events during 2014 are presented below: Net Income for the year, $250,000 Plant Assets that cost $45,600 were sold for $5,000. The gain of $2,000 on the sale was reported in net income. Dividends declared were $102,000 On July 15, 2014. King declared and issued a large stock dividend, the amount at par was $15,000. Recorded an adjusting entry at year end for a $1,000 unrealized gain on Trading securities. King uses the Equity Method of Accounting for Investments in Common Stock. During 2014, King reported $10,000 of equity income. Instructions: Prepare a Statement of Cash Flows (use the indirect method) for 2014 for the King Company

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