The comparative balance sheet of Amelia Enterprises, Inc. at December 31, 2013 and 2012 is as follows:

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2013 are as follows:
a. Net income, $203,980.
b. Depreciation reported on the income statement, $52,400.
c. Equipment was purchased at a cost of $102,700, and fully depreciated equipment costing $28,000 was discarded, with no salvage realized.
d. The mortgage note payable was not due until 2014, but the terms permitted earlier payment without penalty.
e. 9,000 shares of common stock were issued at $18 for cash.
f. Cash dividends declared and paid $124,300.

Instructions
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. If needed, use the minus sign to indicate cash outflows, negative amounts or a decrease incash.

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Dec. 31, 2013 Dec. 31, 2012 ssets Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Total S 92,150.0 141,600 202,290 8,240 412.070 107,140 749,210 112,690 151,920 188,300 5,710 337,370 -82,740 713,250 Liabilities and stockholders Equity Accounts Payable (merchandise creditors) Mortgage note Payable Common stock, S1 par Paid-in capital in excess of par-common stock Retained earnings Total 157,330 24.000 354,000 213,880 749,210 149,070 213,980 15.000 201,000 134,200 713,250