w we Use the X.colinc Financial statements and supplementary information given below to prepare a statement of cash flows for the year onded December 31, 2014, cring the indirect method Additional Information a. Purchased equipment for $33,000 cash b. Sold the long-term investment on January 1, 2014 for $49.000 Sold equipment for $17.000 cash that had originally cost $35,500 and had $27.000 of accumulated depreciation dissued $37,000 of bonds payable at face value . The thor form investment is a treasury bill that was purchased with maturity in 90 days Soweto Cash Flows olanel Cashflows from operating AS Adjust to reconcile net income to cash provided by pot act Xcelle Comparte Balance Shot Information December 31 2014 2013 Cash 381.000 200,000 Short-term restants 30.000 74,000 Accounts receivable 106 300 65.000 Merchandise inventory 34400 9.000 Long term investment 0 29.000 Equipment 195,500 200 000 Accumulated depreciation (1346.000) (196.000) Total 638 800 562.000 Cash flows from invenga Cashflows from financing X Liabilities and Euty Accounts payable Dividers payat Bonds payat Share capita Retained earning Totalt and equity Not increased in cash Cash at beginning of your Cash at end of year 84 300 37 000 37 000 317.000 164.500 630.800 57.000 6000 0 317 000 154000 552.000 X-collinc Income Statement For Year Ended December 31, 2014 Sales 780,000 Cost Of Goods Sold 700,000 Depreciation expense 46,000 Other expenses 31,000 (777000) Gain on sale of long-term investment 20.000 Gain on sale of equipment 7,500 Not income 30,500