This problem continues the Draper Consulting, Inc., situation from Problem 13-37 of Chapter 13. Refer to the comparative balance sheet for Draper Consulting.

Requirement
1. Prepare the statement of cash flows using the indirectmethod.

DRAPER CONSULTING, INC. Comparative Balance Sheet December 31, 2013 and 2012 2013 Assets 2012 $ 514,936 | $ 16,350 Cash Accounts receivable 37,500 1,750 Supplics 2,200 200 Equipment 16,000 1,800 4,200 Furniture 5,700 Building Accumulated deprcciation 125,000 (2,753) $ 698,583 | $ 24,200 (100) Total assets Liabilitics $ 10,000 $ 4,650 Accounts payable Salary payable Uncarned service revenue 4,100 685 700 Interest payable Notes payable Bonds payable Discount on bonds payable 10,667 0. 40,000 400,000 (36,184) Stockholders' Equity Common stock 130,000 18,000 Retained earnings 140,000 $ 698,583 165 $ 24,200 Total liabilities and stockholders' equity