To prepare the statement of cash flows, accountants for Tri-State Electric Company have summarized 2014 activity in two accounts:

Tri-State Electric€™s 2014 income statement and balance sheet data follow:

Tri-State Electric Company
Selected Balance Sheet Data
December 31, 2014

Requirements
1. Prepare the statement of cash flows of Tri-State Electric Company for the year ended December 31, 2014, using the direct method to report operating activities. Also prepare the accompanying schedule of noncash investing and financing activities.
2. Use Tri-State Electric€™s 2014 income statement and balance sheet to prepare a supplementary schedule of cash flows from operating activities by using the indirectmethod.

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Cash Beginning bal Sale of long-term investment Collections from customers Issuance of common stock Receipts of dividends 403,700 27,400 664,200 Payments of salaries and wages 134,900 29,200 31,900 34,000 Payment of long-term note payable 35,400 19,000 28,400 10,200 Payments on accounts payable 21,500 Payments of dividends 61,600 Payments of interest 17,500 Purchase of equipment Payments of operating expenses Purchase of treasury stock Payment of income tax Ending Bal 31,100 Common Stock Beginning bal Issuance for cash Issuance to acquirel Issuance to retire note payable Ending bal 56,200 61,600 84,300 23,000 225,100 and A1 Tri-State Electric Company Income Statement Year Ended December 31, 2014 2Revenues: Sales revenue Dividend revenue 681,900 17,500 699,400 Total revenue 6 Expenses and losses: 7 Cost of goods sold 8 Salary and wage expense 9 Depreciation expense S 347,200 142,800 21,300 43,900 28,300 Other operating expense 11 Interest expense 13 Loss on sale of investments 15 Net income ncome tax expense Total expenses and losses 626,900 6 Increase (Decrease) Current assets: Cash and cash equivalents Accounts receivable $20,900 27,900 54,200 600 (38,900) 10,600 84,300 6 Inventories 7 Prepaid expenses 8 Long-term investments 9 Equipment, net Land Current liabilities 12 Accounts payable 8,200 900) 7.600 10,500 Interest payable Salary payable 5 Other accrued liabilities Income tax payable Long-term note payable (2,400) (58,400) 168,900 45,100 18 Common stock Retained earnings 20 Treasury stock (19,0001