Data for Sinjh Inc. are presented in P13-9A. Further analysis reveals that accounts payable pertain to merchandise creditors.

Instructions

Prepare a statement of cash flows for Sinjh Inc. using the direct method.

Data From P13-9A 

Condensed financial data of Sinjh Inc. follow.

Additional information:
1. New plant assets costing $80,000 were purchased for cash during the year.
2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $50,000 were sold for $12,500 cash.
3. Bonds payable matured and were paid off at face value for cash.
4. A cash dividend of $43,900 was declared and paid during the year.
Instructions
Prepare a statement of cash flows using the indirect method.

Sinjh Inc. Comparative Balance Sheets December 31 2013 Assets 2014 $ 48,400 33,000 102,850 26,000 Cash $100,350 92,800 112,500 29,300 140,000 265,000 (47,000) Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 114,000 242,500 (52,000) $514,750 Total $692,950 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable $112,000 16,500 110,000 $ 67,300 17,000 150,000 175,000 105,450 Common stock Retained earnings 220,000 234,450 Total $692,950 $514,750