The 2015 comparative balance sheet and income statement of Attleboro Group, Inc. follow. Attleboro disposed of a plant asset at book value 2015.

Prepare the spreadsheet for the 2015 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed for $ 0. The cost and accumulated depreciation of the disposed asset was $ 13,640. There were no sales of land, no retirement of common stock, and no treasury stock transactions.

ATTLEBORO GROUP, INC.
Comparative Balance Sheet
December 31, 2015 and2014

Transcribed Image Text:

2015 2014 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory 11,800 15200 42,200 96,800 43,900 93,500 Long-term Assets: Plant Assets Accumulated Deprediation-Plant Assets Land 112,560 (20,220) (18,760) 14,000 S 260,400 121,320 39,800 S 291,700 Total Assets Liabilities Current Liabilities: Accounts Payable Accrued Liabilities 25,100 26,300 24,200 22,500 Long-term Liabilities: Notes Payable 51,000 64,000 Total Liabilities 100,300 112,800 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 136,600 54,800 191.400 $ 291,700 128,300 19,300 147,600 $ 260,400