An analysis of accounts follows:

a. Purchased equipment. $20,000, and issued capital stock in full payment.

b. Purchased a long-term investment for cash. S15.(KX).

c. Paid cash dividend. $12,000.

d. Sold operational asset for $6,000 cash (cost, $21,000, accumulated depreciation, $19,000).

e. Sold capital stock, 500 shares at $12 per share cash.

Required:
Complete the spreadsheet for the statement of cash flows, indirect method.

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Items from Financial Statements Income statement items Sales Cost of goods sold Depreciation Wage expense Income tax expense Interest expense Remaining expenses Net income Balance sheet items Cash Beginning Balances. 12/31/2003 Analysis of Changes Debit Credit Ending Balances, 12/31/2004 $140,000 $59,000 3,000 28,000 9,000 5,000 15.800 20.200 $ 20.500 $ 19.200 Accounts receivable 22,000 22,000 Merchandise inventory Investments, long-term Equipment Total debits Accumulated depreciation Accounts payable 68,000 75,000 15.000 114,500 113,500 $225,000 $244,700 $ 32,000 17,000 Wages payable 2,500 Income taxes payable 3.000 $ 20.000 14,000 1.500 4,500 Bonds payable 54,000 Common stock, no par 100,000 54,000 126,000 Retained earnings 16,500 Total credits $225,000 24.700 $244,700 Inflows Outflows