Data for Pat Metheny Company are presented in E23-11.
Instructions
Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.)

Data From E 23-11:

Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below.

                               

                               

Additional information:
During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2014.

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