Condensed financial data of Keller Minden Company are shown below.

Keller Minden Company
Comparative Statements of Financial Position
December 31

Equity and Liabilities

Keller Minden Company
Income Statement
For the Year Ended December 31, 2014

Additional information:
1. New equipment costing ‚¬149,000 was purchased for cash during the year.
2. Investments were sold at cost.
3. Equipment costing ‚¬36,000 was sold for ‚¬10,000, resulting in a loss of ‚¬5,000.
4. A cash dividend of ‚¬43,000 was declared and paid during the year.

Instructions
Prepare a statement of cash flows using the indirect method.

Transcribed Image Text:

Assets 2014 2013 Equipment Accumulated depreciation- equipment Investments €318,000 (44,000) €205,000 (40,000) 79,500 124,500 63,200 93,600 107,000 102,650 37,000 33,400 Inventory Accounts receivable Cash Total €634,800 €445,050 Share capital–ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable Total €250,000 173,100 140,000 56,600 €200,000 107,940 70,000 48,280 18,830 15,100 €634,800 €445,050