The financial statements for Salinas Marine Sales follow. Assume that the equipment was purchased with cash.

Required
Prepare a statement of cash flows for 2013 using the indirect method of presenting cash flows from operatingactivities.

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Salinas Marine Sales ncome Statement For Year Ended December 31, 2013 Revenue from Sales: Net Sales Cost of Goods Sold: Merchandise Inventory, January 1, 2013 Delivered Cost of Purchases Cost of Goods Available for Sale Less Merchandise Inventory December 31. 2013 Cost of Goods Sold $160,404 654,336 $814,740 165.3 Gross Profit Operating Expenses: $241.680 Salary Expense Rent Expense Depreciation Expense, Equipment Supplies Expense Insurance Expense $131.856 28,800 35,520 1.440 Total Operating Expenses 200,916 40.704 Not Income Salinas Marine Sales Statement of Owner's Equity For Year Ended December 31,2013 W. A Salinas, Capital, January 1, 2013 Invectments during the Year Net Income $296,604 40,784 $40,764 48,000 Less Withdrawals Decrease in Capital W.A Salinas, Capital, December 31,2013 $289,368 Salinas Marine Sales Comparative Balance Sheet December 31. 2013 and Docember 31, 2012 increase or $21,061 61,356 41,111 50,592 $(20,050) 10,764 Accounts Receiwable (net Merchandise Inventory Prepaid Insurance 65,300 160,404 4.896 2,604 205,880 142,080 185,880 Less Accumulated Depreciation Total Assets $318.28 $338.22$I22.004) 24,67238,340(13,668) 28.860 41,62812768) Liabilities Accounts Payable Salaries Payable Total Liabilities 4,188 owner's Equity W. A Salinas, Capital Total Liabilities and Owner's Equity 289.368 $318,228 296,604 $338,232