The comparative balance sheets for Strackman Lux Company as of December 31 are presented below.

Strackman Lux Company Comparative Balance Sheets December 31
Assets	2014	2013
Cash	$59,400	$49,470
Accounts receivable	41,440	63,700
Inventory	148,770	143,560
Prepaid expenses	14,280	26,420
Land	151,590	137,390
Buildings	200,630	200,630
Accumulated depreciationbuildings	(64,630	)	(39,920	)
Equipment	229,790	157,470
Accumulated depreciationequipment	(43,240	)	(37,360	)
Total	$738,030		$701,360
Liabilities and Stockholders Equity
Accounts payable	$46,380	$39,120
Bonds payable	300,000	300,000
Common stock, $1 par	191,630	157,430
Retained earnings	200,020		204,810
Total	$738,030		$701,360

Additional information:

1.	Operating expenses include depreciation expense of $39,920.
2.	Land was sold for cash at book value of $20,000.
3.	Cash dividends of $49,320were paid.
4.	Net income for 2014 was $44,530.
5.	Equipment was purchased for $94,320cash. In addition, equipment costing $22,000with a book value of $12,670was sold for $6,840cash.
6.	Issued 34,200 shares of $1 par value common stock in exchange for land with a fair value of $34,200.

Prepare a statement of cash flows for the year ended December 31, 2014, using the indirect method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

STRACKMAN LUX COMPANY Statement of Cash Flows For the Year Ended December 31, 2014
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Purchase of LandPurchase of EquipmentFor Income TaxesPayment of Cash DividendsDecrease in Prepaid ExpensesTo SuppliersIncrease in Prepaid ExpensesNet IncomeConversion of Bonds by Issuance of Common StockFor Operating ExpensesFor InterestSale of EquipmentDepreciation ExpenseIssuance of Common StockLoss on Disposal of Plant AssetsRedemption of BondsDecrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Accounts ReceivableIncrease in InventoryDecrease in InventorySale of Land	$
Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Increase in Accounts PayableIssuance of Common StockDecrease in Accounts ReceivableDecrease in Prepaid ExpensesFor Operating ExpensesLoss on Disposal of Plant AssetsIncrease in Accounts ReceivableDecrease in Accounts PayableSale of LandFor InterestIncrease in Prepaid ExpensesIncrease in InventoryTo SuppliersFor Income TaxesPayment of Cash DividendsRedemption of BondsPurchase of EquipmentExchange of Common Stock for LandDecrease in InventorySale of EquipmentPurchase of LandNet IncomeDepreciation Expense	$
Decrease in InventoryDecrease in Prepaid ExpensesPurchase of EquipmentIncrease in Accounts ReceivablePurchase of LandIssuance of Common StockFor Operating ExpensesIncrease in Prepaid ExpensesTo SuppliersIncrease in Accounts PayableDecrease in Accounts PayableSale of LandFor Income TaxesSale of EquipmentRedemption of BondsIncrease in InventoryPayment of Cash DividendsDecrease in Accounts ReceivableExchange of Common Stock for LandFor InterestLoss on Disposal of Plant AssetsNet IncomeDepreciation Expense
Redemption of BondsFor Income TaxesDecrease in Prepaid ExpensesSale of LandPurchase of EquipmentIncrease in Prepaid ExpensesDecrease in Accounts ReceivableFor InterestPayment of Cash DividendsPurchase of LandNet IncomeExchange of Common Stock for LandDepreciation ExpenseLoss on Disposal of Plant AssetsIncrease in Accounts ReceivableIncrease in Accounts PayableIssuance of Common StockSale of EquipmentDecrease in Accounts PayableTo SuppliersDecrease in InventoryIncrease in InventoryFor Operating Expenses
For InterestIncrease in InventorySale of EquipmentIncrease in Prepaid ExpensesRedemption of BondsDepreciation ExpenseDecrease in Prepaid ExpensesPayment of Cash DividendsDecrease in InventorySale of LandDecrease in Accounts ReceivablePurchase of EquipmentExchange of Common Stock for LandTo SuppliersFor Operating ExpensesNet IncomeLoss on Disposal of Plant AssetsIncrease in Accounts ReceivableFor Income TaxesIncrease in Accounts PayableDecrease in Accounts PayablePurchase of LandIssuance of Common Stock
Increase in Accounts PayableFor InterestDecrease in Accounts ReceivableNet IncomePayment of Cash DividendsDecrease in InventoryLoss on Disposal of Plant AssetsFor Income TaxesPurchase of LandDecrease in Accounts PayableDecrease in Prepaid ExpensesFor Operating ExpensesRedemption of BondsIssuance of Common StockIncrease in InventoryDepreciation ExpensePurchase of EquipmentTo SuppliersIncrease in Accounts ReceivableIncrease in Prepaid ExpensesSale of LandSale of EquipmentExchange of Common Stock for Land
Decrease in InventoryDecrease in Prepaid ExpensesPurchase of EquipmentNet IncomeIncrease in Prepaid ExpensesExchange of Common Stock for LandSale of LandDepreciation ExpenseLoss on Disposal of Plant AssetsPayment of Cash DividendsIssuance of Common StockTo SuppliersSale of EquipmentPurchase of LandRedemption of BondsDecrease in Accounts ReceivableFor Income TaxesFor Operating ExpensesIncrease in Accounts PayableIncrease in Accounts ReceivableDecrease in Accounts PayableIncrease in InventoryFor Interest
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
For Income TaxesNet IncomeDecrease in Prepaid ExpensesIncrease in Prepaid ExpensesDecrease in InventoryPurchase of LandSale of LandIncrease in Accounts PayableDecrease in Accounts ReceivableExchange of Common Stock for LandPurchase of EquipmentFor InterestFor Operating ExpensesDecrease in Accounts PayableIssuance of Common StockRedemption of BondsIncrease in Accounts ReceivableIncrease in InventoryDepreciation ExpenseSale of EquipmentPayment of Cash DividendsLoss on Disposal of Plant AssetsTo Suppliers
Redemption of BondsSale of LandIncrease in Accounts ReceivableDecrease in InventoryDepreciation ExpensePayment of Cash DividendsPurchase of LandFor Income TaxesExchange of Common Stock for LandIncrease in Accounts PayableIssuance of Common StockPurchase of EquipmentFor Operating ExpensesDecrease in Accounts PayableIncrease in InventoryFor InterestTo SuppliersNet IncomeSale of EquipmentLoss on Disposal of Plant AssetsDecrease in Accounts ReceivableDecrease in Prepaid ExpensesIncrease in Prepaid Expenses
Increase in Accounts ReceivableDecrease in Accounts PayablePurchase of LandNet IncomeIssuance of Common StockTo SuppliersRedemption of BondsDepreciation ExpenseIncrease in InventoryExchange of Common Stock for LandDecrease in InventoryIncrease in Accounts PayableFor Operating ExpensesFor InterestSale of LandFor Income TaxesSale of EquipmentIncrease in Prepaid ExpensesPurchase of EquipmentPayment of Cash DividendsLoss on Disposal of Plant AssetsDecrease in Prepaid ExpensesDecrease in Accounts Receivable
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Net IncomeDecrease in Accounts PayableDepreciation ExpenseFor InterestIncrease in InventorySale of LandPurchase of EquipmentFor Income TaxesDecrease in InventorySale of EquipmentPayment of Cash DividendsExchange of Common Stock for LandDecrease in Prepaid ExpensesTo SuppliersFor Operating ExpensesLoss on Disposal of Plant AssetsPurchase of LandIssuance of Common StockRedemption of BondsIncrease in Accounts ReceivableIncrease in Prepaid ExpensesDecrease in Accounts ReceivableIncrease in Accounts Payable
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities	$
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
For InterestDecrease in Prepaid ExpensesFor Income TaxesDepreciation ExpensePurchase of LandIssuance of Common StockIncrease in Prepaid ExpensesIncrease in Accounts PayableNet IncomeRedemption of BondsSale of EquipmentLoss on Disposal of Plant AssetsDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Accounts PayableIncrease in InventoryDecrease in InventorySale of LandPurchase of EquipmentPayment of Cash DividendsExchange of Common Stock for LandTo SuppliersFor Operating Expenses	$

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