Presented below are data taken from the records of Natural Homes Company.

Additional information:
1. Held-to-maturity securities carried at a cost of $25,000 on December 31, 2013, were sold in 2014 for $30,000. The gain (not extraordinary) was incorrectly charged directly to Retained Earnings.
2. Fully depreciated plant assets that cost $57,000 were sold during 2014 for $2,000. The gain (not extraordinary) was incorrectly charged directly to Retained Earnings.
3. Net income as reported on the income statement for the year was $40,000.
4. Dividends paid amounted to $20,000.
5. Depreciation charged for the year was $43,000.

Instructions
Prepare a statement of cash flows for the year 2014 using the indirectmethod.

Transcribed Image Text:

December 31, 2014 December 31, 2013 Cash Current assets other than cash Long-term investments Plant assets $15,000 105,000 60,000 330,000 $510,000 $ 5,000 129,000 50,000 351,000 $535,000 Accumulated depreciation Current liabilities Bonds payable Capital stock Retained earnings $ 88,000 65,000 50,000 173,000 134,000 $510,000 $102,000 73,000 100,000 153,000 107,000 $535,000