Comparative balance sheets for Erisa Magambo Company are presented below.

Additional information:
1. Net income for 2014 was $120,000.
2. Cash dividends of $70,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $50,000 cash.
5. Depreciation expense was $24,000.
6. Sales for the year were $978,000.
Instructions
Prepare a worksheet for a statement of cash flows for 2014 using the indirect method. Enter the reconciling items directly on the worksheet, using letters to cross-reference eachentry.

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Erisa Magambo Company Comparative Balance Sheets December 31 2014 58,000 85,000 180,000 75,000 250,000 (66,000) $582,000 2013 22,000 76,000 187,000 100,000 200,000 (42,000) $543,000 Assets Accounts receivable Inventory Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings $ 34,000 150,000 214,000 184,000 $582,000 45,000 200,000 164,000 134,000 $543,000 Total