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Use the Segura Corporation financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 31, 2014,

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Use the Segura Corporation financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 31, 2014, using the Indirect method Additional Information a Purchased machinery for $35.000 cash b Sold the long-term investment on January 1, 2014 for 55.000 Sold machinery for $12.500 cash that had originally cout 549.000 and had 535,500 of accumulated depreciation d.issued 29,006 of bonds payable at face value .. The short-term investment is a reasury bill that was purchased with maturity in 90 days Statement of Cath Flow icone Cash flows from operating activities Net income Adjust to reconcile net income to cash provided by operact: Deprecation expense 37.000 14000 Segura Corporation Comparative Balance Sheet information December 31 Asset 2014 2013 Cash 82.700 150,000 Short-term investments 21.000 Accounts receivable 100,000 65.000 Merchandise inventory 329,300 222,000 Long term investment 0 36.000 Machinery 216.000 230 000 Accumulated depreciation (140,500) (140,000) Total assets 600 300 573,000 10.000 X X Cash flows from investing activities Cash fows from financing activities Liables and Equity Accounts payable Dividends payable Donds payable Share Capital Retained eaming Total abbes and equity 91,300 25 000 29 000 323 000 141,000 609,300 58,000 37.000 0 323,000 155,000 573.000 Not increase (decrease in cash Cash at beginning of you Cash at end of year Segura Corporation Income Statement For Year Ended December 31, 2014 Sales 650,000 Cost of Goods Sold 600,000 Depreciation expense 37 000 Other expenses 45,000 (682,000) Gain on tale of long-term investment 18.000 Netlos 14.000

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