Use the information provided to prepare a cash flow statement for Starr Karaoke using the direct method for December 31, 2014. Assume that the beginning

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Use the information provided to prepare a cash flow statement for Starr Karaoke using the direct method for December 31, 2014. Assume that the beginning balance of cash is $55,000. Identify by letter which entry matched the line item on the cash flow statement.

a. Land 185,000 40,000 43,000 19,000 137,000 125,000 80,000 210,000 85,000 39,000 140,000 8,000 Cash 185,000 40,000 43,000 19,000 137,000 125,000 80,000 210,000 85,000 39,000 140,000 8,000 b. Dividends Payable Cash c. Furniture and Fixtures d. Salaries Expense e. Equipment f. Cash g. h. Building i. Cash Note Payable, Short-Term Cash Cash Long-Term Investment in Bonds Bonds Payable Cash Note Payable, Long-Term Accounts Receivable j. Accounts Payable Cash k. Cash Common Shares I. Cash Interest Revenue