Tyry Other information regarding Ludwig Inc. and its activities during 2015 follow in (a) through (o): Ludwig Inc. began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. Course Home a. Assume all accounts have normal balances Corrections and b. Equipment was sold for cash of $38,800 > introduction Old machinery was sold for chsh of $18,300. New machinery was purchased for $39.000 cash d. Share capital was issued for cash The Account e. Cash dividends were declared and paid Adjusting Acce > The classified Using the information provided, prepare a statement of cash flows (using the indirect method) for the year ended December 31, 2015 5 Accounting for Assigning Cou Ludwig Inc. 37 Cash and Rece select one) Adjusted Trial Balance > Long-Live Statement of Cash Flows December 31 Current and Le octone) Account 2015 + 10 Equity Finang 2014 Statement of Accounts Payablo 67,020 59,000 12 Financial Star Accounts Receivablo 38,100 80,500 13 Proprietorshi Accumulated Depreciation Equipment 3,500 33,000 Glossary Accumulated Depreciation, Machinery 10,800 76,000 x Mini Spreadshee Allowance for Doubtful Accounts 4,100 12,500 Eat Course Depreciation Expenso, Equipment 5,900 5,900 Depreciation Exponse, Machinery 12,200 12.200 Cash 285,040 270,000 Cash Dividends 45,000 45,000 Equipment 34,600 106,000 Machinery 66,000 125,000 Merchandise Inventory 31.280 37,000 Long-term Notes Payable 44,560 56,000 Other Expenses (including losses) 550,000 45,000 Rotained earnings 54,000 50,000 Revenues (including gains) 583,100 112,100 Share capital 310,000 285,000 Unearnod Revenue 39,620 43,000 Run Run Run