The financial statements of Compton and Company follow.

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

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Compton and Company Income Statement For Year Ended December 31, 2013 Revenue: Income from Services $82.707 Expenses: Wages Expense Rent Expense Advertising Expense Utilities Expense Depreciation Expense. Equipment Repairs Expense Insurance Expense Miscellaneous Expense $38,233 780 546 993 10,673 312 419 Total Expenses 52,567 $30,140 Net Income Compton and Company Statement of Owner's Equity For Year Ended December 31.2013 K. A Compton, Capital, January 1, 2013 Investments during the Year Net income Subtotal Less Withdrawals Decrease in Capital K. A Compton, Capital, December 31, 2013 84,523 30,140 $30,140 46,800 16,660) 67863 Compton and Company Comparative Balance Sheet December 31, 2013 and December 31,2012 Increase or 2012 (Docreaso) 2013 Assets Cash Prepaid Insurance $15477 20,377 (4,900) 150 677 90,220 (32019) 21,346 (10,673) 74,505 89,928 15.423) 27 90,220 Less Accumulated Depreciation Total Assets Liabilities Accounts Payable 6,642 5,405 1,237 Owner's Equity (16,680) K. A Compton, Capital Total Liabilities and Owner's Equity 84,523 74,505 89,928$(15,423) 67863