# Indirect Method of presenting cash flows from operating activities

###### Question:

Dec 31,2013 Dec 31,2012
Assets:
Cash $227,110$210,050
Accounts Receivable(net) 82,270 75,440
Inventories 232,260 223,360
Investments 0 86,540
Land 119,130 0
Equipment 256,250 197,480
Accumulated Depreciation
Equipment (59,990) (53,250)
TOTAL 857,030 739,620
Liabilities &Stockholders
Equity:
Accounts Payable
Merchandise Creditors 155,120 145,710
Accrued Expenses Payable
(operating expenses) 15,430 19,230
Dividends Payable 8,750 6,660
Common Stock, $10 par 46,280 36,240 Paid in Capital in excess of oar common stock 173,980 100,590 Retained Earnings 457,650 431,190 TOTAL: 857,030 739,620 The following additional information was taken from the records (a) The investments were sold for$101,250 cash
(b) Equipment &land were acquired for cash
(c) There were no disposals of equipment during the year
(d) The common stock was issued for cash
(e) There was a $61,220 credit to Retained Earnings for net income (f) There was a$34,760 debit to Retained Earnings for cash dividends declared
*Prepare a statement of cash flows, using the indirect method of presenting CASH FLOWS FROM OPERATING ACTIVITIES. Use a minus sign to indicate cash outflows, negativeamounts or a decrease in cash

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