A comparative balance sheet, income statement, and additional information for Shillig Doors Inc. follow. Shillig Doors Inc.

Question:

A comparative income statement, and additional information for Shillig Doors Inc. follow.
Shillig Doors Inc.
Condensed Comparative Income Statement
For the Years Ended December 31, 2013 and 2012
.................................................................... 2013 ........................ 2012
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,946,000 .................. $3,112,000
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,385,000 ..................... 2,364,000
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,561,000 .................... $ 748,000
Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 792,000 ......................... 506,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 769,000 .................... $ 242,000
Shillig Doors Inc.
Comparative 31, 2013 and 2012
.................................................................... 2013 ............................. 2012
Assets
Current assets:
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 131,000 .................. $ 102,000
Available-for-sale securities . . . . . . . . . . . . . . . . . . . . . . . 400,000 ........................ -
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 409,000 ..................... 372,000
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 289,000 ...................... 304,000
Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,000 ......................... 24,000
Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,265,000 ................. $ 802,000
Property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . $ 656,000 ................. $ 541,000
Accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . (81,000) .................. (42,000)
........................................................................ $ 575,000 ................. $ 499,000
Total assets ......................................................... $1,840,000 ................ $1,301,000
Shillig Doors Inc.
Comparative 31, 2013 and 2012
..................................................................... 2013 ............................ 2012
Assets
Current assets:
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 131,000 ............ $ 102,000
Available-for-sale securities . . . . . . . . . . . . . . . . . . . . . . . . . 400,000 ....................... -
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 409,000 ................ 372,000
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 289,000 ................ 304,000
Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,000 .................. 24,000
Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,265,000 .......... $ 802,000
Property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . $ 656,000 ............ $ 541,000
Accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . (81,000) .............. (42,000)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 575,000 .......... $ 499,000
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,840,000 ....... $1,301,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 191,000 .......... $ 174,000
Accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124,000 .............. 110,000
Dividends payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,000 .............. 100,000
Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 480,000 ......... $ 384,000
Notes payable-due 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210,000 ............ 106,000
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 690,000 ........ $ 490,000
Stockholders' equity:
Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 625,000 .......... $ 600,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 525,000 ............ 211,000
Total stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,150,000 ......... $ 811,000
Total liabilities and stockholders' equity . . . . . . . . . . . . . . . . $1,840,000 ....... $1,301,000
Additional information for Shillig:
(a) All and relate to trade merchandise.
(b) The proceeds from the notes payable were used to finance plant expansion.
(c) Capital stock was sold to provide additional working capital.
Compute the following for 2013:
Cash collected from assuming all sales are on account.
Cash payments made on to suppliers, assuming that all purchases of inventory are on account.
Cash payments for dividends.
Cash receipts that were not provided by operations.
Cash payments for assets that were not reflected in operations.
Statement of Cash Flows-Indirect Method
Following is information for Goulding Manufacturing Company:
(a) Long-term debt of $500,000 was retired at face value.
(b) New machinery was purchased for $62,000.
(c) with a of $100,000 was issued for $160,000.
(d) Dividends of $22,000 declared in 2012 were paid in January 2013, and dividends of $30,000 were declared in December 2013, to be paid in 2014.
(e) Net income was $450,700. Included in the computation were depreciation expense of $70,000 and amortization of $10,000?
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